Announced
Financials
Sources
Tags
ID checks
Natural
Pending
FinTech
Australia
credit conducting
conducting credit checks
Acquisition
Private
Single Bidder
Synopsis
Zip, leading Australian player in the digital retail finance and payments industry, to acquire PartPay, global installment technology platform, for $42m. Zip announced that it had finalized an agreement to acquire the entirety of PartPay for a total of $42m with New Zealand, United Kingdom, United States, and South Africa the intended geographies to be commercialized. Zip said the PartPay deal would provide it with a portable platform, a significant installment player in New Zealand including integration with one of the country’s leading retail groups, The Warehouse Group. Furthermore, PartPay is set to secure an early-stage, fully operational UK subsidiary supported by a local team that’s “ready to scale”.
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