Afterpay

IPO

Buy Now Pay Later with Afterpay

Buy Now Pay Later
Fintech
Payments
Headquarters
Melbourne
Employees
1001–5000
Founded
2014
Business Model
B2C
Total Funding
$1.1B
Last Round
$650.0M Venture RoundJul 2020
Rounds
3

About

Afterpay is a leading global buy now, pay later (BNPL) platform that allows consumers to purchase goods and services and pay for them in four interest-free installments, due every two weeks. Founded in 2014 in Melbourne, Australia, Afterpay enables shoppers to split purchases into manageable payments with no interest or fees when paid on time. The platform partners with tens of thousands of retailers across fashion, beauty, health, electronics, and more, and is available via a consumer-facing app with integrated shopping categories, a single-use virtual card, and Afterpay Plus membership benefits. In 2022, Afterpay was acquired by Block, Inc. (formerly Square).

Summary

Afterpay is a Buy Now Pay Later company based in Melbourne, Australia, founded in 2014. It has raised $1.1B in total across 3 rounds, most recently a $650.0M Venture Round round in Jul 2020. Investors include Tencent and Coatue Management.

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Funding History

Venture UnknownVenture RoundJul 2020
$650.0M

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Investors

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