Company of the Week: AfterPayDecember 19 2019
As 2019 winds down, we take a look at the successful year from the AfterPay Touch Group, our Company of the Week!
Ranking 6th in Deloitte’s Technology Fast 50 2019, AfterPay has achieved a 810% revenue growth since 2017 and is the clear leader in the buy now, pay later industry with Market cap over A$6 billion.
They have 4.6 million active customers while currently onboarding 12,500 new customers per day. Major partnerships continue to build on the 35,300 current active merchants supporting their service. Strong growth continued in Australia and New Zealand with over $1 billion of underlying sales since inception. Successful expansion into the US has been aided by a strategic partnership with VISA to support further platform innovations. The UK openly accepted the buy now, pay later company with over 200,000 UK customers on-boarded in the first 15 weeks, higher than the US at the same time post-launch.
Buy now, pay later didn’t even exist a few years ago and is now worth billions. AfterPay is one of the top Australian FinTechs that have truly made an impact all over the world. Without a doubt, AfterPay has set a high standard for FinTechs in Australia and are our last Company of the Week for the year 2019!