The Australian buy-now-pay-later (BNPL) platform Zip is embarking on a secondary listing in the United States, a move that has garnered considerable interest from American institutional investors. Zip's CEO emphasized that the platform is positioned as a vital "cash flow management tool" in the US market, where it generates over 80% of its total revenue. As of June, Zip's US revenue witnessed a robust 44% year-on-year growth, accompanied by a 42% surge in transaction volume. This growth was primarily fueled by expansions in the grocery, education, and healthcare sectors. Notably, the group's annual net profit soared to AUD 79.9 million.

Looking ahead to the new fiscal year, Zip anticipates further enhancements in profit margins and a minimum 35% increase in transaction volume within the US. Currently, Zip boasts approximately 2 million active users in Australia and an impressive 4.3 million in the US. The company estimates a potential market of roughly 100 million served in the US, underscoring its ambitious growth trajectory and market potential.