Zip, an Australian buy now, pay later FinTech, has acquired two other firms in the space.
In Brief:
It’s bought Europe’s Twisto and the UAE’s Spotii.
Zip was founded in Australia, listing there in 2015, but it’s now focusing on international growth.
It's already acquired US-based Quadpay.
What does this mean?
Zip has made these strategic acquisitions in order to grow as demand from merchants increases for a buy now, pay later solution that works consistently across multiple markets.