About Afterpay
Afterpay is a company based in Manchester (United Kingdom) founded in 2015 by Nick Molnar. It operates as a FinTech. The company has 60 employees as of June 30, 2021. Afterpay has completed 1 acquisition, including Pagantis. Afterpay offers products and services including Buy Now Pay Later. Afterpay operates in a competitive market with competitors including Klarna, Zilch, Laybuy, DivideBuy and Raylo Pay, among others.
- Headquarter Manchester, United Kingdom
- Employees 60 as on 30 Jun, 2021
- Founders Nick Molnar
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Clearpay Finance Limited
- Date of Incorporation 05 Aug, 2004
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$157.76 M (USD)132as on Dec 31, 2022
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Net Profit
$-2.87 M (USD)-415as on Dec 31, 2022
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EBITDA
$-24.29 M (USD)-925as on Dec 31, 2022
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Latest Funding Round
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Investors
Afterpay
& 1 more
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Employee Count
60
as on Jun 30, 2021
- Investments & Acquisitions
- Acquired by
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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
| 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 2 investors, including angel and institutional investors. Prominent investors backing the company include Afterpay and Jack Dorsey. 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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A buy now pay later service is offered by Afterpay.
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Founded Year | Domain | Location | |
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JD
Jack Dorsey |
Co-founder of Twitter and Square, tech visionary, active investor
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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 1 company. Notable acquisitions include Pagantis. 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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Online point-of-sale financing is provided for e-commerce transactions.
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2011 |
| 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 Klarna, Zilch, Laybuy, DivideBuy and Raylo Pay, 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 through an online platform for purchases.
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| domain | founded_year | HQ Location |
Direct-to-consumer ad-subsidised payments network
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| domain | founded_year | HQ Location |
App-based platform for point of sale financing
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| domain | founded_year | HQ Location |
Interest-free credit is offered for consumer purchases via retail partners.
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| domain | founded_year | HQ Location |
POS financing solutions are offered to businesses through monthly subscriptions.
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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 2015.
Where is Afterpay located?
Afterpay is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
How many employees does Afterpay have?
As of Jun 30, 2021, the latest employee count at Afterpay is 60.
What is the annual revenue of Afterpay?
Annual revenue of Afterpay is $157.76M as on Dec 31, 2022.
What does Afterpay do?
A platform for deferred payment solutions is provided by Afterpay. Operations are conducted across multiple regions including the United States, Australia, New Zealand, the United Kingdom, and Canada. Financial services are focused on enabling customers to make purchases and pay over time. The service is tailored to consumer needs in various markets.
Who are the top competitors of Afterpay?
What products or services does Afterpay offer?
Afterpay offers Buy Now Pay Later.
How many acquisitions has Afterpay made?
Afterpay has made 1 acquisition, including Pagantis.
Who are Afterpay's investors?
Afterpay has 2 investors. Key investors include Afterpay, and Jack Dorsey.