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The makings of billionaires: A brief history of Afterpay Afterpay co-founder Nick Molnar. Source: supplied. Aussie fintech success story Afterpay has accepted a $39 billion acquisition offer, having never turned a profit or (for the time being at least) paid out a dividend to its investors. It’s the leader of the buy-now, pay-later pack; the great disruptor and the ultimate COVID-19 growth story. An uptick during COVID-19, as retailers shifted their operations online, landed Afterpay an enterprise value more than 32-times bigger than was forecast for 2021. Now, it’s one of Australia’s b...

Years and effectively it is a by now, pay laterfirm years and effectively it is a by now, pay later firm stop so if you go and try to buy something online you will almost always come out with many major companies now, be offered the opportunity to use afterpay. and it is the first country in this region, really, to go into this market where people can buy things in instalments, which is what square really sees in it. paypal has suggested it is keen to set up something similar. there are rumours apple is looking at a similar business model. but what square seems to want to do is get into a busi...

The latest headlines: the ioc says it is in regular touch with a belarus athlete under police protection in tokyo, after belarusian officials tried to fly her home against her will. the army is deployed in sydney, as australia ramps up its covid lockdown. twitter boss jack dorsey's digital payments platform square, is buying australia's afterpay limited for $29 billion. the deal, announced sunday, will be done entirely through a share exchange, and values the fintech at a 30% premium. joining us as our correspondent, simon atkinson. what more do we know about this deal? �* , what more do we ...

While Affirm, Afterpay, and Klarna seek out customer loyalty, banks like Barclays are offering merchants their own versions of buy now, pay later.

Slowing growth comes as competition in the fast-growing industry heats up, with global giant PayPal the latest to muscle in on the home player’s turf.