About Afterpay
Afterpay is a company based in Melbourne (Australia) founded in 2014 by Anthony Eisen and Nick Molnar was acquired by Square in July 2021. It operates as a FinTech. Afterpay has raised $35.37 million across 7 funding rounds from investors including Tencent, Square and MUFG Campus. Afterpay has completed 2 acquisitions, including Afterpay and EMPATKALI. Afterpay offers products and services including Buy Now Pay Later. Afterpay operates in a competitive market with competitors including Affirm, Zip, Klarna, Sunbit and Snap Finance, among others.
- Headquarter Melbourne, Australia
- Founders Anthony Eisen, Nick Molnar
- Stage Public
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Sectors
RetailFinancial Services
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Email
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Phone
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Website
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Social
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Products & Services of Afterpay
Afterpay offers a comprehensive portfolio of products and services, including Buy Now Pay Later. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A service for deferred payment is provided to customers.
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Funding Insights of Afterpay
Afterpay has successfully raised a total of $35.37M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(14 Jul 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - Afterpay | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - Afterpay | Valuation |
investors |
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| May, 2020 | Amount | Post-IPO - Afterpay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Afterpay
Afterpay has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Square and MUFG Campus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Multiple sectors are advised through specialized finance teams.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Afterpay
Afterpay has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Afterpay and EMPATKALI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based platform for purchase financing
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2018 | ||||
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Installment payments are facilitated through an online point-of-sale financing platform.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Afterpay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afterpay Comparisons
Competitors of Afterpay
Afterpay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Affirm, Zip, Klarna, Sunbit and Snap Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online platform for retailers.
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| domain | founded_year | HQ Location |
Merchandise financing is offered through partner stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Afterpay
Frequently Asked Questions about Afterpay
When was Afterpay founded?
Afterpay was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Afterpay located?
Afterpay is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Afterpay?
Nick Molnar is the current CEO of Afterpay. They have also founded this company.
Is Afterpay a funded company?
Afterpay is a funded company, having raised a total of $35.37M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $254.72M, raised on Jul 14, 2015.
What does Afterpay do?
A payment solution is provided by Afterpay, enabling customers to buy now and pay later. Operations are conducted across multiple regions including the United States, Australia, New Zealand, United Kingdom, and Canada. The service is focused on consumer finance within the financial services sector.
What products or services does Afterpay offer?
Afterpay offers Buy Now Pay Later.
How many acquisitions has Afterpay made?
Who are Afterpay's investors?
Afterpay has 6 investors. Key investors include Tencent, Square, MUFG Campus, Coatue, and Tiger Global.
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