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If you’re approved for a greater credit limit, or financing for longer payment periods up to 24 months, you will incur interest fees up to 29.99%. Afterpay Drawbacks As with Klarna, Afterpay ...
Afterpay Limited (abbreviated as Afterpay) is an Australian technology company and a buy now, pay later (BNPL) lender. [1] [2] Founded in 2014 by Nick Molnar and Anthony Eisen, it is now owned by Block, Inc. [3] As of 2023, Afterpay serves 24 million users, [3] [4] processes US$27.3 billion in annual payments, [5] and ranks among the three most-used BNPL services globally.
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Block paid US$29 billion in stock for the acquisition and the process was finalized in January 2022. Molnar and Eisen continued to lead Afterpay's merchant and consumer businesses following the acquisition. [61] [31] As of 2023, Afterpay serves 24 million users and 348,000 merchants, [88] [89] processing US$27.3 billion in payments annually. [90]