Australia Fintech Afterpay
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Twitter & Square Founder Jack Dorsey Buys Australia Fintech Afterpay for $29 Billion, Founders Become Billionaires with $1.8 Billion Each

5th August 2021 | Hong Kong

Twitter and Square founder Jack Dorsey has acquired Australia fintech company Afterpay for $29 billion under leading fintech company Square Inc, turning Afterpay founders into billionaires with $1.8 billion each.   Afterpay was founded by Australian Sydney neighbours Anthony Eisen and Nick Molnar in 2015 to allow customers to “buy now, pay later” – splitting the purchase into 4 interest-free payment.  The Square Inc $29 billion acquisition of Afterpay is in an all-equity deal (share swap) in August 2021, with Afterpay founded only 7 years ago in 2015 and listed on the Australian Stock Exchange (ASX) in 2016. 

“ Twitter & Square Founder Jack Dorsey Buys Australia Fintech Afterpay for $29 Billion, Founders Become Billionaires with $1.8 Billion Each “

 


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Afterpay, founded in 2015 

Australia Fintech Afterpay

Afterpay was founded by Australian Sydney neighbours Anthony Eisen and Nick Molnar in 2015 to allow customers to “buy now, pay later” – splitting the purchase into 4 interest-free payment.  In 2016, Afterpay became listed on the Australian Stock Exchange (ASX).

Afterpay is a pioneer platform in the “buy now, pay later” business, serving more than 16 million consumers and 100,000 merchants worldwide, including major retailers across key verticals such as fashion, homewares, beauty, sporting goods and more. Majority of Afterpay revenue is derived from merchants. 

With the $29 billion acquisition by Square, Anthony Eisen and Nick Molnar, Afterpay Co-Founders and Co-CEOs become billionaires with $1.8 billion each. 

 

Jack Dorsey – Billionaire, Square & Twitter

Jack Dorsey, founder of Twitter and Square Inc

Square was founded by Twitter founder Jack Dorsey and Jim McKelvey in 2010 for small business platform to accept debit & credit card payments on mobile phone.  Square is listed on NYSE (New York Stock Exchange) and has a market capitalization of more than $120 billion (August 2021).

Jack Dorsey is also the co-founder of Twitter in 2006 with Noah Glass, Biz Stone and Evan Williams. Twitter is listed on NYSE (New York Stock Exchange) and has a market capitalization of more than $50 billion (August 2021).

Jack Dorsey is an American and billionaire with more than $15 billion personal net worth (2021).

 

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