Zip (ASX:Z1P) positioned to accelerate global growth

12Jun

Zip (ASX:Z1P) positioned to accelerate global growth

 

 Digital finance company Zip (ASX:Z1P) has seen May's monthly revenue surge by 78 per cent year on year to $15.6 million.

Monthly transaction volume climbed 63 per cent to $189.3 million compared to the year earlier period.

Customer numbers increased by 65,000 customers over the month to 2.1 million, with merchants up 46 per cent to 23,600.

Zip CEO Larry Diamond says the compan remains on track to hit its 2020 financial year target of $2.2 billion in annualised transaction volume set at the beginning of the year.

Shares in Zip (ASX:Z1P) are trading 8.9 per cent lower at $5.95.
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

03Jul

Infigen (ASX:IFN) board recommends Iberdrola takeover offer

03 Jul 2020 - The board of Australia's largest listed wind farm operator, Infigen Energy (ASX:IFN), unanimously recommends that investors accept the takeover offer lobbed by Iberdrola Renewables Australia.

Read More
30Jan

Primewest (ASX:PWG) are preparing for an IPO

30 Jan 2020 - Property investors Primewest (ASX:PWG) are preparing for an Initial Public Offering (IPO) and ASX listing of a new real estate investment trust, the Primewest Commercial REIT.

Read More
09Oct

SeaLink Travel Group (ASX:SLK) completes its fully underwritten institutional placement

09 Oct 2019 - SeaLink Travel Group (ASX:SLK) has successfully completed its fully underwritten institutional placement.

Read More
07Apr

DroneShield (AX:DRO) receives $1.1 million order from a Five Eyes government

07 Apr 2021 - UAS (unmanned aerial systems) technology developer DroneShield (ASX:DRO) has secured another government contract to provide drone security solutions to one of the Five Eyes countries (United States, Canada, Australia, the United Kingdom, and New Zealand).

Read More
11Dec

Centuria Industrial REIT (ASX:CIP) buys Arnott’s properties in Queensland

12 Dec 2019 - Centuria Industrial REIT (ASX:CIP) has acquired two industrial assets via a sale and leaseback with biscuit maker Arnotts for $236 million.

Read More
06May

AMP (ASX:AMP) cuts admin fees to boost wealth platform subsriptions

06 May 2021 - Under-pressure wealth manager AMP (ASX:AMP) has introduced cuts between 12 per cent and 22 per cent to its admin fees for superannuation and investment services.

Read More
27Nov

Collins Foods (ASX:CKF) full franked dividend up 5.6%

27 Nov 2019 - Collins Foods (ASX:CKF) has released its results for the half year ended 13 October 2019 (HY20), showing statutory NPAT up 12.1 per cent to $24.1 million from the Half year 2018 where it was $21.5 million.

Read More
19Mar

CIMIC Group (ASX:CIM) company, CPB Contractors selected by the QLD Government to deliver the Bruce Highway upgrade

18 Mar 2021 - CIMIC Group (ASX:CIM) company, CPB Contractors has been selected by the Queensland Government to deliver the Bruce Highway upgrade.

Read More
03Sep

IPH (ASX:IPH) gets the green light for Baldwins acquisition

03 Sep 2020 - IPH (ASX:IPH) welcomes the announcement by the New Zealand Commerce Commission today that it will grant clearance for the proposed acquisition by IPH’s subsidiary, AJ Park, of the business of New Zealand intellectual property firm, Baldwins Intellectual Property.

Read More
19Jun

Rio Tinto (ASX:RIO) Chairman apologises for destruction at Juukan Gorge, launches heritage review proces

19 Jun 2020 - Rio Tinto Chairman, Simon Thompson has apologised to the traditional owners of Juukan Gorge for its controversial destruction of indigeneous caves at the site in the Pilbara.

Read More