Australian BNPL player Zip drops plans of acquiring US rival Sezzle

Australian BNPL player Zip drops plans of acquiring US rival Sezzle

Brooke Lark/Unsplash

Australian buy-now-pay-later (BNPL) firm Zip Co Ltd dropped its plan to buy out US rival Sezzle Inc, the companies said on Tuesday, adding to the list of fallen deals as rising interest rates hurt consumer finance firms.