There is a growing trend within the international buy now pay later at market, with Australian companies such as Zip BNPL emerging on a regular basis. The Zip BNPL app allows customers to make up to four interest free payments across hundreds of stores and, more importantly, within named in stores using Apple Pay and Google Pay. The company has a strong presence in the UK retail market, signing up new merchants on a regular basis. Research shows that using the Zip buy now pay later app has seen merchants experience sales growth upwards of 30%, order values up around 70% and an 80% increase in the purchase rate. Working with retailers, there is no doubt that buy now pay later apps benefit all parties, retailers and customers, many of whom we prefer to pay for products over three or four interest free instalments.
Company name: Zip
Website: https://zip.co/
Target market: Merchants
Founded: 2013
Founders: Brad Lindenberg, Larry Diamond, Niamh Mc Enaney, Peter Gray, Peter Gray
Funds raised: $900m
Location: Sydney, New South Wales, Australia
Type of company: Public
Status: Active
Contact email: customercare@zipmoney.com.au
