Zip Co has recently announced its intention to acquire fellow ASX BNPL player Sezzle – (Buy Now, Pay Later).
Zip Co (Z1P) is the largest listed pure-play ASX BNPL player, however the broader Buy Now, Pay Later space has come under pressure with the share prices of ASX: Z1P and ASX: SZL falling significantly along with the rest of the ASX Tech sector.
Zip Co (ASX: Z1P) also recently announced their 1H FY22 results along with the Sezzle (SZL) acquisition news with Sezzle valued at $491m AUD at a 22% premium.
Today we discuss what this Zip Co acquisition of Sezzle (SZL) could mean for the Z1P future along with the potential opportunities unlocked for the combined Zip Co and Sezzle BNPL group after the Buy Now, Pay Later acquisition.
#Z1P #Sezzle #BNPL
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