Zip to acquire 15% stake in QuadPay for $11m.

Zip, leading Australian player in the digital retail finance and payments industry, to acquire 15% stake in QuadPay, consumer-centric payments platform, for $11m. “This transaction marks the beginning of Zip’s global expansion story. Whilst we see significant upside in the core Australian business, we feel the timing is opportune to begin investing abroad as we seek to build a global payments business,” Larry Diamond, Zip chief executive officer, and managing director.