Zip closes $225 million credit facility with Victory Park Capital

By Marisa Wong

Los Angeles, Jan. 16 – Zip Co. Ltd. closed a refinancing agreement with Victory Park Capital for a $225 million debt facility, according to a press release.

The transaction will support the growth of Zip’s U.S. receivables.

This is the third transaction between Zip and Victory Park, according to the press release.

Zip is a digital retail finance and payments company. The fintech company is based in Sydney, Australia.

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