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Zip Co Acquires QuadPay as Buy Now, Pay Later Market Heats Up

Consumers are shopping and denim is poised to be their go-to. Join Rivet tomorrow at 11 am ET for a roundtable with Diesel, Tenue de Nimes, Isko, NPD and Cotton Incorporated to discuss how denim can position for dominance in the new normal.

Australia-based installment payments platform Zip Co has acquired fellow buy now, pay later platform QuadPay for $269 million. Subject to shareholder approval, the deal comes a year after Zip Co increased its stake in the U.S.-based QuadPay to 14 percent, and further cements its presence in the U.S. The acquisition will mean the formation of…

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