Zip Co Ltd (ASX:ZIP) 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 (BNPL) providers in Australia. Some of its largest clients include Bunnings Warehouse, Appliances Online, EB Games and Officeworks. Zip Co shares once traded under the ‘Z1P’ ticker symbol but have since changed to ‘ZIP’ (the old Ziptel ASX ticker symbol).
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The Zip Co Ltd (ASX:ZIP) share price is higher after the buy now, pay later business announced its successful capital raising.
Zip Co Ltd (ASX:ZIP) shares are currently halted as the business plans a capital raising to improve its debt profile.
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The Zip Co Ltd (ASX:ZIP) share price is up around 10% after it announced deals to divest some of its businesses.
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