Zip Goes Global Company Results 2021
Zip Goes Global Company Results 2021
Zip Co Limited (ASX: Z1P) (“Zip”, or the “Company”) is pleased to announce today its
full-year results for the year ended 30 June 2021.
A transformational year saw Zip emerge as a truly global player and included the
following Key Highlights.
● Maintained strong unit economics while investing for, and delivering, strong
growth – Cash Transaction Margin of 3.5%.
1
Based on Zip unaudited financials as of 30 June 2021. Customer numbers are as at 30 June 2021. All figures in AUD. All financial
figures are translated into AUD using the average foreign exchange rates for the respective periods.
2
FY22 Year to Date refers to 1 July 2021 to 22 August 2021.
● Revenue yield improved from c.16% to over c.22%, with receivables recycling
approx. every 3 months on a blended basis.
● 5 million App downloads in FY21 with active users opening the App 5.7 times per
week.
● Iconic local brands, including JB Hi-fi, Harvey Norman, and NewEgg, and global
accounts Shein, The Hut Group, and Boohoo integrated into Zip’s platforms.
● Established key partnerships with payment service providers (incl. Stripe, Adyen,
Fiserv) and eCommerce platforms (incl. BigCommerce).
● Launched the full suite of Zip Business products (Trade, Trade Plus and Capital)
in Australia and New Zealand, with key partnerships including Facebook and
eBay.
CEO UPDATE
The trend and shift away from the unfriendly world of credit cards that was
the genesis of the Australian business has proven to be a global phenomenon,
and Zip continues to accelerate in all our key markets. This global play
supporting consumers and global retailers alike, provides a real point of
difference as we strive to fulfill our mission to become the first payment
choice everywhere, every day.
And while we are obsessed with product, we are just as obsessed with people.
As we expand and welcome more Zipsters to the family, we are super mindful
of building a global company, with a culture that is inclusive, allowing our
Zipsters to bring their best selves to everything they do.”
BUSINESS PERFORMANCE
Zip Business
Volume $81.6m
3
Number of active customer accounts.
4
Number of accredited merchants.
CAPITAL MANAGEMENT
Zip has $461.6m cash and cash equivalents to fund investments and growth, and
significant headroom in its debt funding facilities to continue to support and
accelerate its growth mandate.
– ENDS -
For more information, please contact:
Larry Diamond Martin Brooke Matthew Abbott
Chief Executive Officer Chief Financial Officer Director, Corporate Affairs
[email protected] [email protected] [email protected]
0402 543 128
About Zip
ASX-listed Zip Co Limited (ASX: Z1P) is a leading player in the digital retail finance and
payments industry. The company offers point-of-sale credit and digital payment
services to the retail, home, health, automotive and travel industries. Zip has operations
across the US, Australia, New Zealand, the United Kingdom, Canada, and Mexico. Zip also
owns Pocketbook, a leading personal financial management tool. The company is
focused on offering transparent, responsible, and fairly priced consumer and SME
products. Zip’s platform is entirely digital and leverages big data in its proprietary fraud
and credit-decisioning technology to deliver real-time responses. Zip is managed by a
team with over 100 years’ experience in retail finance and payments and is a licensed
and regulated credit provider. For more information, visit: www.zip.co