Business
JPMorgan makes franchise bet on Afterpay – The Australian Financial Review
JPMorgan’s got a VIP ticket to the hottest show in town.
Citi was the first big investment bank in the Afterpay camp, when it helped fund the BNPL start-up in Australia and then the US. Its now at the stage where it provides Aussie, US and UK warehouses and is a lock to lead Afterpays capital markets activity.
Goldman Sachs was next, offering balance sheet to Afterpays rapidly growing US business last year, and scoring an equity raising mandate soon after.
And JPMorgan will be next. Its expected to make a similar franchise bet on Afterpay and its global…
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