Chanticleer

Afterpay’s Square deal is a perfectly-timed triumph

Afterpay’s Anthony Eisen and Nick Molnar have taken the group from zero to $39 billion in just six years. The Square takeover is the perfect exclamation point.

Updated Aug 3, 2021 – 7.31am, first published at Aug 2, 2021 – 12.06pm

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What a moment. The takeover of buy now, pay later pioneer Afterpay by US payments giant Square is unquestionably a triumph for Afterpay founders Anthony Eisen and Nick Molnar, whose uncanny ability to make the right move at exactly the right time has allowed them to go from zero to $39 billion in just six years.

But this deal is bigger than Eisen and Molnar, who will take stakes in Square worth about $2.7 billion from the deal.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.