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21 January 2021 zip Q2 FY21 TRADING UPDATE ZIP CEMENTS ITSELF AS A TRUE GLOBAL BNPL LEADER Zip Co Limited ( ASX : Z1P ) ( Zip or the Company ) is pleased to provide a trading update for the quarter ended 31 December 2020 ( Q2 FY21 ) . Zip cements its position as one of the fastest growing BNPL players in the US , and as a true global BNPL leader , with over 5.7m customers , annualised TTV of c . $ 7.5bn + ¹ and annualised revenue of c $ 480m² . only For personal use GROUP HIGHLIGHTS * Note : all figures in AUD unless otherwise specified . Record group quarterly revenue of $ 102.0m ( up 88 % YoY ) . • BNPL December revenue $ 40.2m ( up 94 % YoY ) . • Record quarterly transaction volume of $ 1.6b ( up 103 % YoY ) . . December transaction volume of $ 628.4m ( up 104 % YoY ) . Transaction numbers for the quarter of 10.7m ( up 149 % YoY ) . • Customer numbers increased to 5.7m , up 97 % YoY . Merchants on the platform increased to 38.5k ( up 73 % YoY ) . - Zip US ( QuadPay ) delivered record results in Q2 across all core metrics – $ 673.1m in transaction volume , $ 47.6m in revenue and 915k new customers . • The Company raised $ 176.7m in equity , with the majority of funds allocated to fuel the significant US growth opportunity . Managing Director and CEO Larry Diamond said : " We are extremely pleased to deliver another exceptional set of numbers with the quarter really delivering a significant step change for the Company , confirming our position as one of the fastest growing players in the sector . A number of strategic initiatives were delivered during the quarter , in line with our mission to become the first payment choice everywhere , every day , and we are extremely well placed to continue this momentum into 2021 as the global shift away from the broken credit card model continues . Particularly exciting were the results achieved in the US with Quadpay rapidly accelerating in the largest addressable market for BNPL . " 1 Based on BNPL Dec 2020 results annualised .