Digital retail finance and payments player, Zip Co Limited, yesterday announced its half year results for the period ended 31 December 2017.  In a statement to the ASX, Zip unveiled headline numbers that included the news that revenue was up 139 per cent to a record A$16.0 million. Transaction volume, which hit a record $235 million, was up 183 per cent on the previous comparable period, while Zip's loan book (ie, receivables) climbed 164 per cent to $231.3 million. Arrears and bad debts of 1.85 per cent and 2.28 per cent, respectively, remain below industry benchmarks (arrears are defined as accounts greater than 60 days delinquent; with bad debts defined as accounts greater that 180 days delinquent). As the book seasons, bad debts are expected to trend towards three per cent, the company said. Repayment profile remains healthy at 14 per cent, demonstrating strong capital recycling. Zip stated that there are now more than 530,000 customers on the platform, dealing with 7,800 merchants. "Following a period of significant headcount investment, we saw our operating cost base stabilise and we are on track to achieve cash flow breakeven on a monthly basis in the second half of the financial year," Zip Managing Director and CEO Larry Diamond said. "The Pocketbook team delivered an Australian-first of its kind open-banking API integration with Macquarie Bank and continues to grow strongly, add users to its leading PFM App at a rate of 50,000 a quarter."