Afterpay is a pioneering global 'buy now, pay later' (BNPL) platform that lets retail merchants offer customers the ability to buy goods and services and split purchases across four interest-free installments. At the end of 2021 Afterpay had more than 122,000 annual active merchants and more than 19 million annual active consumers, and delivered $19.7 billion in GMV for full-year 2021, up 74% year over year.
- 01 Afterpay brought a fast-growing global BNPL network of 122
- 02 000+ merchants and 19M+ consumers that could be connected across Square's Seller ecosystem and Cash App's consumer base
Square and Afterpay have a shared purpose. We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles. Together, we can better connect our Cash App and Seller ecosystems to deliver even more compelling products and services for merchants and consumers, putting the power back in their hands.
Buy now, pay later has been a powerful growth tool for sellers globally. We are thrilled to not only add this product to our Seller ecosystem, but to do it with a trusted and innovative team.
Block Q4 2021 earnings call (Feb 2022): "We completed the acquisition of Afterpay on January 31, 2022. Since we announced the transaction in early August, our teams have been focused on closing the transaction and planning for the sizable integration of our two companies... on day one, we executed on a meaningful integration... we believe Afterpay will accelerate the connections between our Square and Cash ecosystems."