NewsBite

Afterpay duo say fintech disruption ‘still very early on’

Afterpay duo say fintech disruption ‘still very early on’

Anthony Eisen and Nick Molnar assert that their commitment is unwavering as they prepare to partner with Jack Dorsey’s payment titan.

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Disruption in Australia’s payments markets is still in its early stages, even as the sharemarket’s voracious appetite for fast-growing fintechs appears to be subsiding, warn Anthony Eisen and Nick Molnar, who are jointly named as The Australian Financial Review Business Person of the Year.

The billionaire duo founded the payments darling Afterpay, which is being acquired by New York Stock Exchange listed Square in the largest acquisition of an Australian company on record. The all-scrip deal, which came with a record sales multiple for an ASX-listed top 20 takeover target, valued Afterpay at $39 billion when it was struck in August.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Jonathan Shapiro
Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
James Eyers
James EyersSenior ReporterJames Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au

Latest In Financial services

Fetching latest articles

Original URL: https://www.afr.com/companies/financial-services/afterpay-duo-say-fintech-disruption-still-very-early-on-20211208-p59ft6