Consumers using buy now, pay later services won’t have legal protection as companies such as Afterpay and Zip are being called to ‘self-regulate’. This comes from an interim report from the Senate Select Committee on Financial Technology and Regulatory Technology. Buy now, pay later (BNPL) fintech companies have become increasingly popular, with Australia’s leader Afterpay […]
Despite the global economic slow-down, the shift to online spending and move from traditional forms of credit have boosted Afterpay’s position domestically and internationally. Afterpay announced today that it had doubled its revenue to $519.2 million. This is a 97 per cent increase from the 2019 financial year. Net losses are also down to $22.9 […]
Founder of Play Travel Andrew Paykel talks about his startup journey, the new partnership with Afterpay Ventures and working alongside payments giant Afterpay. It’s been a fantastic journey for Play Travel, in the 5 years since it first launched in Australia, as LayAway Travel, its attracted some major players in the industry and opened the […]
With the ongoing uncertainty caused by COVID-19, 2020 is shaping up to be one of the worst years on record economically, and Australian startups are particularly feeling the pinch as many investors withdraw funding. However, a silver lining, perhaps, is that the pandemic poses an opportunity for startups to challenge bigger businesses and to grow, adapt […]
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