Business
Afterpay prospers from boom in online sales as rivals circle – Financial Times
Shares in Australian ‘buy now, pay later’ fintech have soared almost 800% in six months
When Covid-19 struck the world economy investors initially punished Afterpay, a “buy now, pay later” fintech claiming to change how people shop. But six months on, the Melbourne-based company is confounding critics by capitalising on surging ecommerce, rapid growth in the US and a shift away from credit cards.
Afterpay doubled its customer numbers to 10m in the US, UK and Australia in the year to end of June. Last month it began a push into Canada, Singapore and southern Europe, as it rushes t…
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