Those who follow the buy now pay later market may be aware that the Quadpay BNPL app has been acquired by buy now pay later competitor, Zip. Despite only raising $9 million in funds, the Quadpay BNPL app was acquired for a staggering $296 million in 2020. Zip, which is based in Australia, merged the two operations in 2021 to create a huge buy now pay later services division. The company continues to expand its range of retail partners and you can now use Apple Pay and Google Pay in selected retailers. Many believe that further consolidation in the buy now pay later app sector is inevitable as companies scramble to control the best technology and most competitive services. There is no doubt that the buy now pay later app is here to stay, something retailers and consumers are wholly embracing!
Company name: Quadpay (acquired by Zip BNPL)
Website: https://www.quadpay.com/
Target market: Merchants
Founded: 2017
Founders: Adam Ezra, Brad Lindenberg
Funds raised: $9m
Location: New York, New York, United States
Type of company: Private
Status: Closed
Contact email: n/a
