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Zip surges on eBay deal – The Australian Financial Review

Zip hit a fresh record on Wednesday after announcing a move into business lending, on the back of a partnership with eBay Australia.

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The deal that will see Zip enter invoice financing comes a day after cloud accounting powerhouse Xero said it would do the same. Xero said on Tuesday it paid $31 million to buy Waddle, an invoice financing fintech that had competed with Spotcap.
Offshore markets have also seen rapid deal flow in small business lending.
For example, American Express last week said it would buy Kabbage, a fintech providing similar small business cash flow financing in the US. Enova International, listed on the N…

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