The Motley Fool

Afterpay, Z1P Co. and Sezzle shares are racing higher today

The best shares in the buy now, pay later sector are wriggling higher today despite there being little material news for investors to act on.

In the early afternoon Afterpay Touch Group Ltd (ASX: APT) is up 4.3% to $24.56, Z1P Co. Ltd (ASX: Z1P) is up 10 cents to 0r 3.5% to $3.06, while North American focused challenger Sezzle Ltd (ASX: SZL) is up 3.9% to $2.40. 

This week Sezzle announced its launch into the large Canadian retail market and it already has 5,048 active merchants across 12 countries and 429,898 active customers in the U.S. mainly. 

Sezzle has a marquee client in youth fashion and sportswear business Kappa to start its Canadian push and recently raised around $43 million from Australian investors via its June 2019 listing to help if fund its growth push. 

Last week Afterpay also reported it now has 2 million shoppers signed up in the US and some 6,500 retailers. According to Afterpay this represents around 10% of the total beauty and fashion industry online retailers in the US.

Afterpay is due to hand in its full year results later this month, with September 24 the date pencilled in for delivery of an interim auditor’s report on its compliance with its anti-money laundering obligations. 

Our Top 3 Blue Chip Shares for 2019 – NOW AVAILABLE!

You’re invited! For a limited time, The Motley Fool Australia is giving away an urgent new investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.

So if you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – we’ve got you covered!

Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend...

While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...

Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.

You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!

Simply CLICK HERE FOR YOUR FREE REPORT!

Tom Richardson owns shares of AFTERPAY T FPO.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!