Zip's money management app Pocketbook to seize operations

Friday 8 July 2022 10:30 CET | News

Australia-based BNPL provider Zip has announced that its money management app Pocketbook will shut down on 5 August 2022.

Zip acquired Pocketbook in September 2016 in a deal worth USD 7.5 million. The app was founded in Australia as a free budget planner and personal finance app.

The fintech said it will delete all personal information collected by the service. Anyone who wants to keep categorised transaction data, has until August 4 to extract it into a CSV file.

The demise of Pocketbook follows the collapse of neobank Volt, which shut down after it was unable to secure fresh capital to continue trading.

Zip is a global Buy Now, Pay Later company providing seamless solutions that simplify how people pay. Founded in Australia in 2013 and now with a presence in 14 international markets, its mission is to be the first payment choice. It gives consumers, merchants, and businesses around the world access to transparent, flexible, and interest-free credit.

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Keywords: BNPL, personal finance management, spend management, mobile payments, instalment payments
Categories: Payments & Commerce
Companies: Pocketbook, Zip
Countries: World
This article is part of category

Payments & Commerce




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