Retail shop window
Funding

Afterpay cofounder backs his brother’s retail data startup in $2 million Seed round

- September 12, 2023 2 MIN READ

Merchandise data startup Flagship has raised $2 million in a Seed round to help retailers to make better data-based decisions of maximising product appeal for in-store shoppers The round led by Sydney VC Tidal Ventures, with support from Afterpay’s billionaire cofounder Nick Molnar, backing his brother Simon’s startup play. Macdoch and Co Ventures, NRL player Luke… Read more »

BNPL, Afterpay, Klarna
Fintech

Buy now pay later is turning into a massive problem, rather than solution, for younger New Zealanders, trapping them in debt

- September 7, 2023 4 MIN READ

There are few stores without an Afterpay logo displayed on the door, or that don’t offer Laybuy at their online checkout. And these schemes are particularly popular with younger consumers. But what price might these buyers be paying for the conveniences of buy now, pay later? Our new research investigated how young New Zealand adults… Read more »

Afterpay, Nick Molnar, Anthony Eisen
Fintech

Apple Pay is about to mow down Afterpay to become Australia’s leading BNPL

- April 13, 2023 2 MIN READ

The first mover advantage that turned Block-owned Afterpay enjoyed since its launch nine years ago is about to end, with the world’s most valuable tech company, Apple, set to become Australia’s leading buy-now-play-later (BNPL). The Roy Morgan Digital Payments Report reveals it’s taken just 7 years for Apple Pay to build its local market penetration,… Read more »

Monty Python, flesh wound
ASX

Shares in Afterpay’s parent company are getting slaughtered after a short seller accused Block of ‘facilitating criminal activity’

- March 24, 2023 3 MIN READ

Shares in dual-listed Block (ASX:SQ2) fell more than 18% on the ASX on Friday after a US short seller, Hindenburg Research, published a lengthy report accusing the parent company of local fintech Afterpay of inflating its user metrics and fraud facilitation after it used Block’s Cash App to order a cash card under the name… Read more »

Thelma and Louise
ASX

Afterpay shares follow merger mate Square’s slump as the US payments fintech rebrands as Block

- December 2, 2021 2 MIN READ

Afterpay’s $39 billion takeover deal with Square dragged down the Australian fintech’s share price yet again amid delays and the US payments company announcing a rebrand. Because the takeover is an all-scrip deal, Square’s (NYSE: ASX) 6.6% fall in its stock overnight weighed on Afterpay (ASX: APT) in Thursday trade, falling 6.08% to close at… Read more »

Afterpay, Nick Molnar, Anthony Eisen
Advice

Ignition Lane’s Weekly Wrap: It’s hip to be Square, a big week of raises, Twitter’s hunt for AI bias

- August 9, 2021 6 MIN READ

Welcome to Ignition Lane’s Weekly Wrap, where they cut through the noise to bring you their favourite insights from the technology and startup world. Ignition Lane works with ambitious business leaders to apply the Startup Mindset to their technology, product and commercialisation problems.  This wrap goes out free to subscribers every Saturday. Don’t forget you can catch Gavin Appel discussing… Read more »

Afterpay
ASX

Why Jack Dorsey’s Square wants to pay record $39 billion for Afterpay

- August 4, 2021 3 MIN READ

The A$39 billion (US$29 billion) that Twitter founder Jack Dorsey’s digital payments company Square is paying to acquire Australian upstart payments outfit Afterpay is the biggest takeover deal in Australian corporate history. It surpasses the A$32 billion European commercial real estate giant Unibail-Rodamco agreed to pay for Frank Lowy’s Westfield Corporation in 2017. The deal… Read more »

Afterpay, Nick Molnar, Anthony Eisen
ASX

Square is buying Afterpay for $39 billion

- August 2, 2021 3 MIN READ

Jack Dorsey’s payments platform Square is buying ASX-listed Australian fintech Afterpay Ltd (ASX: APT) in a deal worth US$29 billion (A$39bn). Anthony Eisen and Mick Molnar, co-founders of the buy now, pay later (BNPL) platform will join Square when the deal goes through early in 2022. They will help lead Afterpay’s respective merchant and consumer… Read more »

Rebel Wilson, Afterpay
Fintech

Financial counsellors want Afterpay’s Rebel Wilson TV ad pulled for using children to sell the BNPL

- July 29, 2021 2 MIN READ

Peak body Financial Counselling Australia (FCA) has written to advertising regulator Ad Standards asking for Afterpay’s TV ad featuring Rebel Wilson to be banned over its “gratuitous and inappropriate” use of a children. The ad features Wilson sitting in a play room with a young child saying “if credit cards and cash had a baby… Read more »

Lee Hatton, Afterpay
Fintech

Afterpay gets into banking with Westpac, launching a savings app linked to your BNPL account

- July 20, 2021 2 MIN READ

Buy-now-pay-later market leader Afterpay (ASX: APT) is getting into ibanking, launching an app-based no fee deposit account paying 1% interest. The ASX-listed fintech has been granted an Australian Financial Services Licence (AFSL) by ASIC so it can provide general financial product advice and distribute basic deposit products and debit cards. Called Money by Afterpay, the… Read more »

ASX

Afterpay share price is tanking again as the world’s biggest investor, Blackrock, sells down again

- May 13, 2021 < 1 MIN READ

The world’s biggest investor, New York firm Blackrock, is selling down ASX-listed fintech Afterpay as the company’s share price continues to head south. Afterpay (ASX: APT) lodged yet another ceasing to be a substantial shareholder notice for Blackrock today, after nearly five months of the investment firm dipping in and out of having 5% stake… Read more »

small business, payment
ASX

Afterpay ponders US listing after sales soar

- April 20, 2021 < 1 MIN READ

ASX-listed Afterpay is contemplating a US listing as global sales for the third quarter of FY21 continue to boom. The buy-now-pay-later (BNPL) fintech (ASX:APT) beat market expectations, with underlying sales overall up 104% on 12 months ago, while underlying sales in the US and UK were up 167% and 246% respectively for Q3 FY21. Quarterly… Read more »