Afterpay

Afterpay is a global fintech company that specializes in interest-free installment payment solutions. Founded in 2014 by Nick Molnar and Anthony Eisen, it operates as a wholly owned subsidiary of Block, Inc. after being acquired in 2022. Afterpay introduced a "buy now, pay later" model that allows consumers to split purchases into four equal payments over six weeks, making it particularly appealing to younger shoppers. The company offers core products that include interest-free installment plans available online, in-app, and in-store, with no credit checks required. Afterpay also provides merchant solutions designed to enhance conversion rates, featuring real-time approval and automated payment processing. With a presence in multiple markets, including Australia, the U.S., and the U.K., Afterpay has millions of users and partners with tens of thousands of merchants, particularly in the fashion and lifestyle sectors.