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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.

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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.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/afterpays-square-deal-is-a-perfectly-timed-triumph-20210802-p58f2k