Afterpay CEO Talks About Going Public in Australia

Karen Webster of PYMNTS talks with Afterpay CEO Nick Molnar about going public early on in the company’s journey; The Australian company went public in 2016, just nine months after their first capital raise; one of the biggest challenges was that the Buy Now Pay Later (BNPL) concept was still new and many investors didn’t understand why millennials would prefer Afterpay over a credit card; they also wanted to know how a company with just 10,000 users (at the time) was going to scale; what Afterpay managed to create was quite unique, it created virality on both the merchant and consumer sides of their platform; since the IPO Afterpay has gone global, opening up in the U.S. 18 months ago, in the UK in 2019 and more countries on the roadmap for 2020. PYMNTS

Notify of
Inline Feedbacks
View all comments