Written By Luis Monzon Zip Australia has announced its intention to fully acquire South African buy now pay later (BNPL) fintech Payflex as part of its global expansion plans. With a presence in twelve markets across five continents, Zip plans to grow its South African business and expand into other African markets with sizable underbanked, digitally savvy…
Zip acquisition of Payflex means Africa is ripe for BNPL disruption Writen by Tage Kene-Okafor Australian buy now, pay later (BNPL) company Zip this week acquired South Africa-based BNPL player Payflex for an undisclosed amount. It’s a piece of news that once again highlights the hype around BNPL services and the quest for global dominance among the…
SA fintech startup Payflex acquired by listed Australian firm plotting African expansion Written by TOM JACKSON South African buy now pay later fintech startup Payflex has been acquired by Australia Securities Exchange (ASX)-listed Zip as the latter takes it global expansion plans into Africa. Founded in 2018, Payflex allows consumers to shop now and pay later, interest-free….