March quarter results shoot Zip Co (ASX:Z1P) shares up

Company News

by Michael Luu

Payment solutions provider Zip Co (ASX:Z1P) has reported March quarter revenue of over $114 million, indicating an 80 per cent rise year on year.

The company’s American subsidiary, Quadpay led the charge with a revenue growth of 188 per cent, raking in $54.5 million. Meanwhile, Zip Co Australia recorded a 10 per cent increase in revenue in the quarter.

Shares in Zip Co (ASX:Z1P) jumped 9.7 per cent to $9.13 by 12pm on Tuesday.