Alternative payments provider Zip (ASX:Z1P) has delivered record revenue and cashflow in their quarterly update.
Their revenue was up 23 per cent this quarter to $11.2 million.
Customer numbers were up 19 per cent.
Their revenue yield of 18 per cent continues to trend towards their long-term target of 20 per cent.
Low-cost carrier Tigerair joined forces with them this month allowing customers to book their flights, go on holiday and pay off their airfares at a later date.
Shares in Zip (ASX:Z1P) 3.09 per cent higher at $0.83.