Zip acquires PartPay for $ 50 million

Australian credit card disruptor Zip marks its global expansion into the UK, USA, South Africa and New Zealand with the acquisition of the global rate technology platform PartPay.

The PartPay acquisition includes a total upfront payment of NZD 50.8 million (US $ 32 million) with an earn-out of up to an additional NZD 15 million based on certain mandatory performance milestones achieved during Fiscal Years 20 and 21 .

Founded in January 2017, …

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