Afterpay, Nick Molnar, Anthony Eisen
Business strategy

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
Mergers & Acquisitions

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
Mergers & Acquisitions

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 »

ASX

Afterpay is leading tech stocks over the cliff today after upping its raise to $1.5 billion

- February 26, 2021 2 MIN READ

Afterpay (ASX:APT) shares are being smashed today after returning to trade today in a bad end to the month for tech stocks. The buy-now-pay-later fintech called a trading halt to its shares yesterday ahead of releasing its half-yearly results, which included a $79 million loss, despite analyst expectations of a maiden half-year profit, and plans… Read more »

Fintech

Afterpay shares crashed through the $100 barrier after announcing a savings account deal with Westpac

- October 20, 2020 2 MIN READ

Shares in Melbourne-based buy-now-pay-later fintech Afterpay are up more than 5% in the first hour of trade this morning to top $100 after the company announced it had signed a deal with Westpac to offer savings accounts and cash flow tools to its Australian customers. The partnership will allow Afterpay (ASX:APT) to provide Westpac (ASX:… Read more »