Recorded on the evening of August 27, the day of AfterPay’s annual results announcements, in this episode we take a 100,000 foot view of AfterPay’s $25 Billion success.
We discuss the business model of AfterPay itself, and how it compares to traditional interest free lenders in the market, and the key events in their growth over the last three years. Dave and Trent spend some time discussing the more recent strategic actions of AfterPay as they expand globally, form new partnerships, manage their risk, and see their market value grow by over 900% during the covid-19 pandemic.
A quick update between the recording and today, PayPal announced a rebranding of their PayPal credit product as “Pay-By-4”, to go head to head with AfterPay and the other competitors in the Buy Now Pay Later market – impacting on the 8% retraction in the AfterPay shareprice in the last 24 hours.
This move by PayPal, with a significantly larger customer & merchant base, will prove a real threat to the BNPL players, as PayPal can leverage more advanced data & analytics across a customer base of over 300 million active users.
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You can find Dave at:
Instagram: @SandgateAdvisors
LinkedIn: David Andrews
You can find Trent at:
Instagram:@Corporate_Muscle
LinkedIn: Trent J Daniel
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