Booming Afterpay eyes new overseas markets

The company said October has been its largest ever month for new customers, with 15,000 being added each day and 9,000 of those in the US.

James Eyers and James Thomson

Updated Nov 13, 2019 – 4.30pm, first published at 10.23am

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Afterpay will capitalise on its impressive growth in the United States and Britain in recent months by pushing into new overseas markets – potentially in Europe and Canada – after securing $200 million from one of the world's hottest tech funds.

The fintech also announced deals with eBay and Mastercard to lift customer and merchant numbers, and named a former top Facebook executive to its board to strengthen its governance ahead of the submission of a final report of an independent audit ordered by anti-money laundering agency AUSTRAC.

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

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