Buy now, pay later (BNPL) company Zip has announced that it is exploring acquiring installment payment platform Sezzle, according to a media release from Zip on Monday (Jan. 24).
Zip says it “confirms it is in discussions” about acquiring the other company.
“Zip is always interested in pursuing options that are in the best interests of shareholders; however the discussions with Sezzle are preliminary in nature and there is no certainty that the discussions will result in a transaction of any kind,” the release says.
The release notes that the Zip board has been committed to making sure all its transactions deliver value to shareholders.
Meanwhile, Sezzle wrote in its media release Monday that it was “engaged in preliminary…