Zip in discussions with fellow fintech Sezzle in relation to a potential acquisition

ASX-listed fintech leader Zip Co have confirmed that they are in discussions with fellow listed fintech company Sezzle, in relation to a potential acquisition.

In the statement released today, Zip stated that they are “…always interested in pursuing options that are in the best interests of shareholders; however the discussions with Sezzle are preliminary in nature and there is no certainty that the discussions will result in a transaction of any kind.”

The statement goes on to say, “The Zip Board remains committed to ensuring any transaction delivers value to shareholders and will always be disciplined in its assessment of potential opportunities. It will only pursue transformational transactions that help accelerate the delivery of Zip’s broader strategic objectives such as enhanced scale in core markets, improved customer and merchant propositions and a faster path to profitability through significant synergy opportunities.”

Zip have advised that they will keep the market updated in accordance with its continuous disclosure obligations.