Its founders each took a $60 million payday as the company moves to take greater control of its US business in a possible precursor to a Nasdaq listing.
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Afterpay built its business by getting consumers to take on debt, now it wants to help them budget
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Millennials and Gen Z customers have always been the core of Afterpay s business.
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When Nick Molnar and Anthony Eisen co-founded Afterpay more than five years ago, no one could have expected that the company s market valuation would be nearing $40 billion today.
Thanks to a growing global base of millennials and Gen Z customers who keep ditching their credit cards in favour of the buy now, pay later platform, Afterpay has become the new darling of Australia s share market.