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The Zip Co (ASX:Z1P) Share Price Rocketed 12% Today

The Zip Co Ltd (ASX:Z1P) share price went up 12% today, making it one of the best performing ASX shares today. 
Kogan.com share

The Zip Co Ltd (ASX: Z1P) share price went up 12% today, making it one of the best performing ASX shares today.

Zip Co provides customers with a revolving line of credit to finance their retail purchase with its brands of Zip Pay, Zip Money and Pocketbook. It is one of the largest buy now, pay later providers in Australia. Some of its largest clients include Bunnings Warehouse, Appliances Online, EB Games and Officeworks.

Zip Co Shares Are Going Nuts

Zip Co recorded one of its best days on the ASX today as it rose around 12%. Over the past year the share price has gone up by 165%, making it one of the best shares to have owned.

The company recently raised $42.8 million to supercharge its growth as the buy now, pay later sector takes off with customers and shareholders alike.

Zip Co and Afterpay Touch Group Ltd (ASX: APT) are taking Australia and the ASX by storm and could continue to be ones to watch along with the fast growth shares in the free report below.

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$50,000 per year in passive income from shares? Yes, please!

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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