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.
As the COVID-19 pandemic locked down much of the world and turned more people toward online shopping, Afterpay’s business and share price has continued to surge.
This modern lay-buy service red-hot with young consumers, but now also growing in use among an older cohort has turned Mr Molnar and Mr Eisen into billionaires.
Read the full article at: https://www.abc.net.au/news/2021-02-26/kim-kardashian-afterpay-millennials-zip-buy-now-pay-later/13194484