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‘We are just getting started’: Afterpay boss sends message to banks

James Eyers

Afterpay co-founder Anthony Eisen declared that he and Nick Molnar “are not going anywhere” after the $39 billion Square deal is consummated, as both enthused that the mega-merger will turbocharge the growth of both companies and provide more scale to take on big banks.

With investors looking past Afterpay’s full-year results, which saw earnings under pressure from higher marketing costs, for insights on the rationale behind Australia’s largest ever acquisition, Mr Eisen told The Australian Financial Review that “in terms of desire and intent, we are still just getting started”.

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James 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

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    Original URL: https://www.afr.com/companies/financial-services/we-are-still-getting-started-afterpay-boss-sends-message-to-banks-20210825-p58ltc