- Shares in Zip Co (Z1P) spiked this morning after a stellar business update for the first four months of the 2021 financial year
- The buy now, pay later stock tabled almost $97 million in revenue from the start of July to the end of October an increase of 91 percent on last year
- Zip’s transaction volume grew 140 percent compared to the same time last year to a record $401.2 million
- All of this was underpinned by a major boost in total customers, which more-than-doubled at the same time last year to 4.8 million
- Zip says its U.S. mobile app is performing well, averaging 15,000 downloads per day over November so far
- Company shares spiked over 4 percent this morning but have since retreated towards the grey line, currently up 0.2 percent and worth $6.20 each
