Nick Molnar and Anthony Eisen built an empire by detecting and responding to major shifts in financial behaviour. So their views on the immediate future carry weight.
The US group led by Twitter founder Jack Dorsey has cleared the final regulatory hurdle needed to complete the biggest takeover in Australian corporate history.
The $39 billion takeover of Afterpay has passed a key hurdle,after shareholders in the acquiring company Square approved a plan to issue more stock for the deal.
Afterpay has had its fair share of doubters and true believers. Now the local market will need to get its head around Square,the payments behemoth started by Twitter billionaire Jack Dorsey,
Square’s $39 billion acquisition of BNPL darling Afterpay has been hailed as the clearest sign of the Australian technology sector firing on all cylinders.
The biggest corporate takeover deal in Australian history will turn a host of key staff members and early investors in Melbourne headquartered Afterpay into instant multi-millionaires.
Afterpay co-founder Nick Molnar says he will be hanging onto his stake in the merged business as it attempts to take on credit cards.
The timing of Afterpay founders Anthony Eisen and Nick Molnar might have been marginally off but with an onslaught looming,their decision to sell their juggernaut makes a lot of sense.
Liberal senator Andrew Bragg has swept aside the competition regulator's concerns about banks buying fintechs and warned regulators should enforce the law not dictate policy.
Afterpay's new management structure is a little unconventional,but the buy now,pay later darling is no stranger to breaking with convention.