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Australia's Zip taps U.S. market with buyout of buy-now-pay-later peer

By: Reuters: Company News

June 02, 2020 at 00:26 AM EDT

Zip Co Ltd said on Tuesday it will buy out buy-now-pay-later (BNPL) firm QuadPay in a stock deal valuing the New York-based company at $269 million, as the Australian firm looks to tap the fast-growing U.S.-market where its rivals are thriving.

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Financial News

Australia's Zip taps U.S. market with buyout of buy-now-pay-later peer

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