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Afterpay
 | |
| Type of business | Subsidiary |
|---|---|
| Founded | October 2014 |
| Area served | List of countries |
| Founder(s) | Nick Molnar Anthony Eisen |
| Industry | Financial technology |
| Services | Buy now, pay later |
| Revenue |  US$1.04 billion (2023) |
| Parent | Block, Inc. |
| Subsidiaries | List of companies
|
| URL | afterpay |
| Users |
|
| Current status | Active |
| Native client(s) on | Android, iOS, Windows |
Afterpay Limited (abbreviated as Afterpay) is an Australian technology company and a buy now, pay later (BNPL) lender.[1][2] Founded in 2014 by Nick Molnar and Anthony Eisen, it is now owned by Block, Inc.[3] As of 2023, Afterpay serves 24 million users,[3][4] processes US$27.3 billion in annual payments,[5] and ranks among the three most-used BNPL services globally.[6]
Afterpay offers unsecured installment loans allowing shoppers to make in-store or online purchases, and then repay with a fortnightly frequency. It does not charge fees or interest to the consumers, unless they miss scheduled repayments, and does not check or affect the credit scores. The company charges merchants for offering its service, requiring that the charge is not passed on to shoppers.[7][8] As of 2024, Afterpay operates as a subsidiary of Block, Inc., following an acquisition in 2021, and maintains presence in the U.S., Australia, Canada, France, Italy, New Zealand, Spain and the U.K.[7]
- ^ Niesche, Christopher (15 June 2019). "Christopher Niesche: The company that could turn the finance sector on its head". The New Zealand Herald. Retrieved 10 December 2024.
- ^ Willis, Charlotte (13 November 2018). "How a recession gave one Aussie guy a billion-dollar business idea". news.com.au. Retrieved 11 December 2024.
- ^ a b Edmunds, Susan (25 July 2024). "Here's why it could get harder to extend your Afterpay". Radio New Zealand. Retrieved 26 November 2024.
- ^ Mucklejohn, Lars (14 November 2024). "UK set for buy-now pay-later revolution, says Clearpay's Nick Molnar". City A.M. Retrieved 27 November 2024.
- ^ Shen, Lucinda (23 February 2024). "Afterpay, Block's BNPL platform, begins growing again". Axios. Retrieved 27 November 2024.
- ^ Mullen, Caitlin (3 November 2023). "Breaking down buy now, pay later". Banking Dive. Retrieved 9 December 2024.
- ^ a b Chalmers, Stephanie; Whitson, Rhiana (1 August 2021). "US payments giant Square to acquire buy now, pay later firm Afterpay in $39 billion deal". ABC News (Australia). Retrieved 27 November 2024.
- ^ Paul, Trina (5 June 2021). "Afterpay review: Everything you need to know about this short-term 'buy now, pay later' option". CNBC. Retrieved 27 November 2024.
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