Search Results for "Afterpay"
3 results for "Afterpay"
Deals 3
Block Closes $29B Afterpay Acquisition, Rolls Out BNPL to Square Sellers
Block Inc. (Square's parent company) completed its $29 billion acquisition of Afterpay on January 31, 2022, and began rolling out BNPL integration to Square Online sellers in the U.S. and Australia on February 1. The deal embeds buy now, pay later functionality directly into Square's merchant ecosystem and Cash App. This positions Block as a major player in embedded consumer finance at the point of sale.
Square Announces $29 Billion Acquisition of BNPL Provider Afterpay
Square announced the acquisition of Australian BNPL provider Afterpay for approximately $29 billion in an all-stock deal. The acquisition aimed to integrate Afterpay's buy-now-pay-later capabilities into Square's merchant and consumer ecosystems. The deal represented one of the largest fintech M&A transactions and signaled Square's push deeper into embedded finance and consumer lending.
Westpac Launches BaaS Platform with Afterpay as First Partner
Westpac launched a cloud-native banking-as-a-service platform in October 2020, with Afterpay as its inaugural partner. The platform enables fintechs to offer embedded transaction accounts, savings accounts, and cashflow tools under Westpac's banking license. Afterpay planned to roll out these services to its 3.3 million Australian customers by Q2 2021.