Afterpay millionaire on the move again
No strangers to a management rejig, the group has again set out new reporting lines.
No strangers to a management rejig, the group has again set out new reporting lines.
Afterpay’s Nick Molnar is back in the CEO chair and will share the role with co-founder Anthony Eisen.
Afterpay is expected to unveil a new loyalty program at the company’s annual meeting on Tuesday.
Cluey Learning is planning to expand into the university and international student markets as it prepares to list on the ASX after raising $30m.
Afterpay says there’s no correlation in the use of Afterpay and either an ‘increase or decrease in spending on essentials’.
Entrepreneurs will increasingly seek help when it comes to technology.
A Chinese payments group whose founder owns 40 per cent is the hot stock pick from Tekne Capital’s Beeneet Kothari.
At David Gonski’s final board meeting as ANZ chairman, the board endorsed a strategy to steer clear of the buy now, pay later business.
ANZ has downplayed the threat posed by Afterpay, saying the BNPL group’s customers were generally not high savers motivated to buy their own homes.
The ASX rebounded from a three-week low to snap a 4-day losing streak as Afterpay and Coles jumped after strong lifts in sales.
Positive updates from Coles and Afterpay have helped the Australian share market erase early COVID-related losses.
Shares in buy now, pay later market darling Afterpay nudged all-time highs after a quarterly sales record and near doubling of customers.
Afterpay added 1.3 million new customers in the first quarter, as underlying sales soared 115pc to $4.1bn.
Newly minted tech billionaire Anthony Eisen says there is one key thing propelling his company’s unbelievable growth.
The record share price means the combined wealth of co-founders Anthony Eisen and Nick Molnar is now more than $4bn.
Afterpay’s white label deposit deal with Westpac does more for the start-up than it does for the bank.
The ASX 200 closed down 0.7pc, S&P reaffirmed Australia’s AAA rating and Crown made concessions about money-laundering at the Melbourne casino.
Afterpay’s “banking as a service” deal with Westpac raises a number of fundamental questions, some of them existential.
A major buy now, pay later company has teamed up with a big four Australian bank to offer a new banking product that will be available next year.
The pair’s partnership will enable the fintech darling to offer banking services through Westpac’s digital platform.
Afterpay will face no further regulatory action after an Austrac check of its compliance with anti-money laundering laws.
The “buy now, pay later” sector has reported mixed fortunes, with local majors Afterpay and Zip Co reporting strong gains.
EB Games has shunned a buy now pay later market leader in favour of a platform that keeps customers on the retailer’s own website.
Banks and miners weighed on the ASX 200 and Westpac’s Bill Evans pushed his RBA easing prediction out to November from October.
Australia has its own brand of investment nutty: Afterpay.
Technology firm AP Ventures raises $50m from investors to bankroll its first move into the Chinese BNPL sector.
Billionaire investor Alex Waislitz has up to six unlisted companies in his portfolio that he believes are headed to public markets.
PayPal’s entry to the buy now, pay later sector is a significant turning point, says UBS analyst Tom Beadle.
A blow off in absurd prices for technology favourites such as Apple or Afterpay would be welcomed by most serious investors.
This earnings season possibly has a lot of market watchers confused as to what to think about the future of fintech.
Original URL: https://www.theaustralian.com.au/topics/afterpay/page/10