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Aug 2, 2021

Square to acquire Australian buy-now-pay-later firm Afterpay for $29B in an all-stock deal.
The acquisition is Square's largest yet, and will let Square's SMB clients offer Afterpay's buy-now-pay-later (BNPL) option to their customers. Afterpay lets customers pay for purchases in installments, interest-free. They already have 100k e-commerce merchants and 16M consumers. BNPL services have become increasingly popular across the web, offered by companies like Afterpay, Affirm, and Klarna. Apple is reportedly also working on a similar service called "Apple Pay Later". Link
Photo credit: Square

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