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Australian buy-now-pay-later firm Zip to raise $307 mln to fund expansion plans

April 14 (Reuters) - Australian buy-now-pay-later (BNPL) firm Zip Co said on Wednesday it will raise A$400 million ($307.48 million) through senior unsecured convertible notes to fund its growth and expansion plans.

On Tuesday, the BNPL firm reported a record quarterly earnings and unveiled plans to expand into Canada and Southeast Asia. ($1 = 1.3009 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi Aich)

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