Despite recent scaremongering around the future prospects of the BNPL sector, Zip generated $167.4 million in revenue for the December quarter, a new record for the Aussie fintech.
The company announced this morning that it reached transaction volume record of $2.6 billion in the final quarter of 2021, up 53 per cent on the same quarter year-on-year.
Transaction numbers were 22.4 million, also a record, with customer numbers up 57 per cent from a year prior, to 9.9 million.
“The business continues to execute on its strategy with growth driven by both customer and merchant acquisition, and the increasing levels of engagement as we pursue our mission of becoming the first payment choice everywhere and every day,” said Larry Diamond, chief executive of Zip.
