By Kate Weber on Aug 3, 2021 12:18PM
Focus on other successful fintechs anticipated.
Afterpay s $39 billion pay day is expected to create renewed interest in Australia’s fintech sector.
Digital payment giant Square purchased Australia’s largest buy now pay later (BNPL) fintech Afterpay on Monday.
Afterpay s co-CEOs Anthony Eisen and Nick Molnar hailed the transaction as “important recognition of the Australian technology sector as homegrown innovation continues to be shared more broadly throughout the world.”
FinTech Australia CEO Rebecca Schot-Guppy agreed, telling
iTnews the exit is a huge achievement for Afterpay as well as a testament to the strength of the Australian ecosystem and the progress to the digital lead economy we are striving for.
Square to buy 'buy now, pay later' giant Afterpay in $29B deal – TechCrunch
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US payments giant Square will buy Afterpay for $39 billion
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