Afterpay

Afterpay is a prominent global financial technology company that pioneered the 'Buy Now, Pay Later' (BNPL) model. The platform allows consumers to make purchases and pay for them in interest-free installments, providing a flexible alternative to traditional credit. By integrating directly into the checkout process of retail merchants, Afterpay helps businesses increase conversion rates and average order values while offering shoppers a more manageable way to budget their spending.

Afterpay's mission is to power an economy in which everyone wins, by providing fair and accessible financial products that help people spend responsibly.

• Acquired by Block, Inc. in a landmark $29 billion deal in 2022.
• Expanded operations significantly across Australia, New Zealand, the United States, Canada, and the United Kingdom.
• Pioneered the modern BNPL industry, fundamentally changing consumer retail payment habits.
• Maintains a massive network of millions of active customers and hundreds of thousands of merchant partners.

Sources

• Afterpay Official Website
• Block, Inc. Investor Relations