Afterpay
Afterpay Limited (abbreviated as Afterpay) is an Australian financial technology company best known for its buy now, pay later (BNPL) service. It operates in Australia, the United Kingdom, Canada, the United States, and New Zealand. Afterpay was founded in 2014 by Nick Molnar and Anthony Eisen.
| Type of business | Subsidiary |
|---|---|
Type of site | Fintech |
| Founded | October 2014 |
| Area served | Australia New Zealand Canada United States United Kingdom |
| Founder(s) | Nick Molnar Anthony Eisen |
| Key people |
|
| Industry | Financial technology |
| Revenue | AU$924.7 million (FY2021) |
| Net income | AU$159.4 million (FY2021) |
| Parent | Block, Inc. |
| Subsidiaries |
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| URL | afterpay |
| Users | 16.2 million (June 2021) |
| Current status | Active |
| Native client(s) on | |
In June 2017, Afterpay merged with one of its technology suppliers, Touchcorp, to form the Afterpay Touch Group. In November 2019, the company was renamed Afterpay Limited. In August 2021, Afterpay and American payments company Square, Inc. (later renamed Block, Inc. in December 2021) announced they had entered into arrangements for Square to acquire Afterpay for US$29 billion (A$39 billion), which was later completed on January 31, 2022.
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