Australian BNPL star Zip declines to purchase a rival amid a tech slump
The two firms agreed to pull the deal because of “current macroeconomic and market conditions”. Move is a sign of the abrupt pressure on unprofitable fintech. Sezzle was valued at about A$491 million when it was announced in February. Australian buy-now-pay-later (BNPL) firm Zip Co Ltd unloaded a buyout of U.S. rival Sezzle Inc three … Read more