Australia's Zip to acquire US BNPL rival Sezzle amid softening market

Australia's Zip to acquire US BNPL rival Sezzle amid softening market

FILE PHOTO: A logo for the companies Afterpay and Zip is seen in a store window in Sydney, Australia, July 9, 2020. REUTERS/Stephen Coates

Australian buy-now-pay-later (BNPL) firm Zip Co Ltd plans to buy U.S. rival Sezzle Inc for A$491 million ($352.59 million), building its footprint in the largest retail market as sluggish trade elsewhere earned it a half-year loss.

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