fintechFIVE: Afterpay

Elizabeth Barry 22 September 2017 NEWS

fintech afterpay

Nick Molnar

CEO

In two sentences or less, describe your product or service.

Afterpay is the modern-day layby offering consumers a more flexible way to pay for their purchases, in four equal fortnightly instalments with an immediate take-home option.

Afterpay is fully-aligned with the consumer, providing time rather than finance to make purchases and customers also use the platform as a useful budgeting tool.

What has been the company's biggest milestone to date?

We have had a few so far this year signing partnerships with Westfield and Jetstar, but I would have to say reaching over one million customers actively using the Afterpay platform is our major milestone to date.

We celebrated this by launching Afterpay Day, an exclusive 24-hour online shopping event where we broke retail trade records achieving sales of $10 million in the 24 hours.

What’s your most useful advice for having a productive day?

My days are usually chaotic but I always try to take time to clear my mind which helps me to think and re-focus. Also, I check and respond to emails at particular times of the day which helps keep me focused on my work.

Where do you see the company in 12 months?

Successfully partnering with major retailers for in-store sales and future expansion opportunities in Australian and New Zealand – our first international venture.

Which book has had the most influence on your professional mindset?

The Hard Thing About Hard Things by Ben Horowitz.


The fintechFIVE is a series of five questions intended to shed light on innovative companies from Australia and around the world. Every Thursday we ask the same five questions to a representative from a different fintech company – check out the most recent fintechFIVEs here.

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