Time is Money for Afterpay Shareholders
Nervous times for Afterpay shareholders as the value of the Block deal continues to slide as it awaits final approval from the sole remaining regulator, the Bank of Spain.
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Founded five years ago in Sydney, Australia, Afterpay has millions of global customers and tens of thousands merchant partners now using the platform globally across Australia, US, Canada, UK (where it is called Clearpay) and New Zealand. Afterpay’s global team is currently made up of more than 700 people and growing.
Afterpay’s business model is completely free for customers who pay on time – helping people spend responsibly without incurring interest, fees or extended debt. Afterpay empowers customers to access the things they want and need, while still allowing them to maintain financial wellness and control, by splitting payments in four, for both online and in-store purchases.
Afterpay is deeply committed to delivering positive outcomes for customers. The majority of Afterpay’s income is derived from merchants, rather than customers. If a customer misses a payment, they won’t be able to use Afterpay until the payments are up-to-date. Late payment fees are charged but are fixed, capped and do not accumulate over time. Customers are never entrapped in revolving debt and never incur interest. We are focused on supporting our community of shoppers.
We trust in the next generation and share a vision of a more accessible and sustainable world in which people are rewarded for doing the right thing. Afterpay’s mission is to power an economy in which everyone wins.
Nervous times for Afterpay shareholders as the value of the Block deal continues to slide as it awaits final approval from the sole remaining regulator, the Bank of Spain.
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Afterpay shares fell again yesterday after the company revealed it would push ahead with a meeting regarding the takeover by Block without approval from a major shareholder.
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Some snippets out of Thursday's ASX trading session from Premier Investments, Liontown Resources, Afterpay and Crown Resorts.
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Outperform rating is unchanged and the target is increased to $147 from $133.
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Results from three key tech stocks - Afterpay, Zip Co - and Wisetech Global tell an interesting story about the future of the space in Australia once Afterpay is no more.
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It's a bid-mad Monday, as US payments platform Square offered to buy the buy now pay later pioneer, Afterpay in a multi-billion dollar all paper transaction.
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While the struggle continues for BNPL supremacy across three continents, the Afterpay revenue model evolves and the spectre of PayPal looms large.
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While maintaining an Outperform rating Macquarie acknowledges the stock is no longer looking "cheap" versus peers in the segment, but is not overpriced either. Target is raised to $140 from $120.
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The re-evaluation of the sales outlook drives an increase in the target to $42 from $37. UBS maintains a Sell rating on valuation grounds.
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The broker reiterates the Sell rating and raises the target to $37 from $36, acknowledging the product has resonated strongly but success was always going to attract competition.
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