AfterPay

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Afterpay faced a surge of inquiries from their customers worried about whether or not they could pay for their goods as COVID-19 restrictions closed down large parts of the Australian economy.  During the Zendesk Showcase last week, Yvonne Gilmour, head of service delivery at Afterpay said the surge in inquiries

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Chinese internet giant Tencent has acquired a 5 per cent stake in Australian buy now, pay later service Afterpay.  Announced on Friday, the deal will support Afterpay’s global growth strategy, following its expansion into the US and UK markets.  The stake was acquired from late March through April for around

Nearly 2 million Australians used a “buy now, pay later” product like Afterpay or ZipPay last year, according to research from Worldpay, which predicts the local market will double in the next three years. Buy now, pay later (BNPL) has grown from three per cent of all ecommerce payments in

Australia’s new all-tech index goes live today. The new index captures ASX-listed companies in the fast-growing technology sector. S&P/ASX All Technology Index, trading under the symbol XTX, was launched on Friday by the ASX in partnership with S&P Dow Jones Indices.  The All Tech Index operates under an S&PDJI methodology

The buy now, pay later market is heating up. Over the last five years, several BNPL providers have emerged which allow shoppers to pay by installments over time, instead of paying the full amount upfront. Last month a new global competitor, Klarna, arrived in Australia with serious backing from the

Retailers have welcomed the launch of Klarna in the Australian market and view the Swedish buy now, pay later company as providing a point of difference in the crowded payments space. Klarna, which is backed by CommBank, launched in Australia a fortnight ago, the company’s 17th market. This global presence

Klarna

CommBank is making a big play in the buy now, pay later space, investing a total of US$300 million in Swedish Afterpay rival Klarna which officially launched in Australia today.  The bank initially invested US$100 million in Klarna in August 2018, to become its exclusive partner in Australia and New

Something a little different for our final cover story of the decade. We asked Which-50’s lead writers to tell ‘the story behind the story’ that most resonated with them this year.  The four they chose are snapshots of the massive transformations which are underway in businesses and society—and they represent

Commonwealth Bank has invested in Klarna, a Swedish rival to Afterpay, and will bring the European buy now, pay later provider to Australia. The deal accompanies the bank’s continued investment in its digital capabilities. CommBank invested US$100 million in the fintech’s US$460 million funding round, announced yesterday, which values the

Payright

Australian Buy Now, Pay Later provider Payright has completed a $27 million Series D fundraise through a mix of debt and equity, led by corporate advisory firm Henslow in partnership with wealth manager Escala Partners. Founded by brothers Piers Redward and Myles Redward in 2016, the business has raised more