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Zip Co Launches Zip Business, Offering Small and Medium-Sized Businesses Flexible Credit Solutions
Zip Co, one of Australia and New Zealand's leading buy now pay later (BNPL) providers, has announced the launch of a new product called Zip Business. Zip Business offers small and medium-sized businesses access to flexible credit solutions, providing up to $150,000 in credit, along with interest-free periods, cash flow management tools, and rewards programs.
With Zip Business, businesses can grow by accepting Zip payments from customers, getting Zip loans to fund their growth, and managing their cash flow with Zip trade accounts. This new product is part of Zip Co's strategy to expand its offerings and reach new markets following its acquisition of QuadPay in the US and partnership with Amazon in Australia.
The launch of Zip Business comes at a time when small and medium-sized enterprises (SMEs) are facing significant challenges. Zip Co aims to support these businesses through the provision of flexible credit solutions, which will help them grow and achieve financial stability.
Larry Diamond, Zip Co's CEO and Managing Director, said in a statement, "We're excited to launch Zip Business for small and medium-sized businesses across Australia and New Zealand, providing these merchants with the tools they need to succeed in a challenging economic environment.
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Zip Business offers a range of benefits to SMEs, including faster payment processing, access to working capital, and competitive transaction fees. Additionally, businesses can use Zip Business to reward their customers for their loyalty and incentivize them to make repeat purchases.
With the launch of Zip Business, Zip Co is well-positioned to support SMEs across Australia and New Zealand, offering them the tools and resources they need to thrive in today's competitive marketplace.
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