![]() ![]() And it seems that the company is pretty serious about this as it has been on a buying spree lately aiming to scale and compete with the likes of Klarna and Afterpay. Leaders & consolidation. At the core, this acquisition for Zip is all about its quest to become a global leader in the BNPL space. So what does this deal tell us about the future of Zip and overall BNPL space? Here’s the takeaway: ✈️ THE TAKEAWAY And Sezzle is more popular in the US: 11% of US respondents to a Momentive poll had used Sezzle, compared with just 4% who had used Zip. Sezzle’s network - which boasted $1.6B in sales, 3.2M customers, and 44,400 merchants as of Q3 2021 - could substantially elevate its positioning.It also more than doubled its retail partners to reach over 51k merchants worldwide. The firm posted $5.8B in volume (+176% annually), with 7.3M shoppers (+248% annually), per its annual report. It must be noted that numbers-wise, both companies have been doing pretty well lately. Key metrics □ Let us have a quick refresher as to how the firms have been performing lately. The combination of the two firms will have a total of 8.8M customers and over 60,000 merchants in the U.S. ![]() The official release notes that Zip’s deal sets the implied price for Minneapolis-based Sezzle at 491M Australian dollars ($352M). I’ve written about this back in January while this was rumored, and now it’s inked. ![]() BNPL Megadeal: Zip buys Sezzle □□īreaking news □ Buy now, pay later (BNPL) firms Zip and Sezzle have announced a definitive agreement under which Australia-based Zip will buy Sezzle. Without further ado, let us dive into what happened in the financial technology sector last month. We will look at BNPL Megadeal aka Zip buying Sezzle see why Walmart is officially a FinTech & Super App in the making Apple acquiring Credit Kudos and showing its huge ambitions for Finance FinTech that quadrupled its valuation in 6 months, and other interesting news and developments. March was a super hot month for FinTech. In fact, it's probably the hottest month in 2022 thus far. ![]()
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