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Droneshield and Zip Co highlighted as ASX tech growth options
Australian technology and fintech companies Droneshield Ltd and Zip Co Ltd are being highlighted as distinct growth opportunities on the ASX, despite differing risk profiles.
Droneshield specializes in artificial intelligence-powered counter-drone technology, including products like DroneGun Tactical and DroneSentry. Its solutions are utilized by defense forces and commercial entities in Australia, the US, and the UK. While the company has a market capitalization of $1.57 billion, it faces volatility, with its share price down 47.6% year-to-date and negative earnings per share.
Zip Co is an established fintech provider specializing in buy-now-pay-later (BNPL) services. Operating across 12 countries, including Australia, New Zealand, and the US, the company serves over 6 million customers through partnerships with more than 79,300 retailers. Zip has seen significant revenue growth, reaching $868 million in FY24, though its share price has declined 38.2% since the start of 2025.