and Zip expand partnership with new US$225 million credit facility

As we refine and broaden our portfolio of consumer financing solutions1, the three-year deal provides us with both the strategic timing and the flexibility needed to spearhead innovation in both our new and existing product lines. This partnership not only underscores our shared vision for market leadership but also cements our commitment to delivering unparalleled financial products to our American customers, said Larry Diamond, Zips Co-founder and U.S. CEO.Having partnered with Zip since its early innings as a company, VPC has borne witness to its transformative growth over the past several years, said Jason Brown, Partner at VPC. Operating in three core markets Australia, New Zealand (ANZ) and the Americas, Zip offers point-of-sale payment solutions, connecting millions of customers with its global network of tens of thousands of merchants.Founded in Australia in 2013, Zip provides flexible payment options, helping customers to take control of their financial future and helping merchants to grow their businesses. The Firm was founded in 2007 and is headquartered in Chicago, Illinois, with additional resources in New York, Los Angeles, San Francisco, and London. VPC provides custom financing solutions across the private capital spectrum, focusing on companies with strong corporate governance and a compelling growth trajectory.