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Afterpay
Afterpay Limited (abbreviated as Afterpay) is an Australian financial technology company best known for its buy now, pay later (BNPL) service. It operates in Australia, the United Kingdom, Canada, the United States, and New Zealand. Afterpay was founded in 2014 by Nick Molnar and Anthony Eisen. In June 2017, Afterpay merged with one of its technology suppliers, Touchcorp, to form the Afterpay Touch Group. In November 2019, the company was renamed Afterpay Limited. In August 2021, Afterpay and American payments company Square, Inc. (later renamed Block, Inc. in December 2021) announced they had entered into arrangements for Square to acquire Afterpay for 29 billion (39 billion), which was later completed on January 31, 2022. History Afterpay was founded by Molnar and his then-neighbor, Eisen, in October 2014. On 4 May 2016, the company listed on the Australian Securities Exchange with an 25 million IPO. In January 2018, American venture capital fund Matrix Part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nick Molnar
Nick Molnar is a FinTech entrepreneur and is the co-founder of Afterpay. Whilst attending Sydney's Moriah College, Molnar started trading jewellery on eBay. He graduated with a Bachelor of Commerce from the University of Sydney. In August 2021 Afterpay and Square, Inc. (later renamed Block, Inc. in December 2021), a digital payments company, announced they had entered into arrangements for Square to acquire Afterpay for 29 billion (39 billion) which was later completed on 31 January 2022. It was reported that Molnar and co-founder, Anthony Eisen will receive 2.7 billion in Square stock for their Afterpay shares and, post-settlement, they will jointly lead Afterpay’s merchant and consumer businesses inside Square. Net worth In July 2022, ''Business Insider Magazine'' stated that Molnar was the youngest Australian "self-made" billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthony Eisen
Anthony Eisen is an Australian FinTech entrepreneur and is the co-founder of Afterpay. Eisen and co-founder, Nick Molnar, a neighbour in the Sydney suburb of , started the company in 2014. Eisen attended Sydney Grammar School and graduated from the University of New South Wales with a Bachelor of Commerce. He initially began working as a chartered accountant before moving into investment banking, specialising in mergers and acquisitions. In August 2021, Afterpay was acquired by Square Inc. (later renamed Block, Inc. in December 2021) for 29 billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. .... It was reported that Eisen and Molnar will receive 2.7 billion in Square stock for their Afterpay shares and, post-settlement, they will jointly lead Afterpay’s merchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buy Now, Pay Later
Buy now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them at a future date. BNPL is generally structured like an installment plan money lending process that involves consumers, financiers, and merchants. Financiers pay merchants on behalf of the consumers when goods or services are purchased by the latter. These payments are later repaid by the consumers over time in equal installments. The number of installments and repayment period varies depending on the BNPL financiers. History The earliest form of BNPL traces back to the 19th century, when installment plans emerged as a way for consumers to purchase expensive goods (e.g. furniture, pianos and farm equipment) they did not have the funds to buy outright. In India, BNPL is considered similar to the country's traditional paper-based Udhar Khata system, where corner shops, known as kiranas locally, kept manually logged credit ledgers to allow their customers to buy provisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthropologie
Anthropologie is an American clothing retailer with approximately 200 stores across the U.S., Canada, and the UK that offers an assortment of clothing, jewelry, home furniture, decoration, beauty products, and gifts. Anthropologie is part of URBN brands, which includes Urban Outfitters, Free People, BHLDN, and Terrain. History In 1970, former Lehigh University roommates and later University of Pennsylvania Wharton Business School classmates Richard Hayne and Scott Belair needed a project for an entrepreneurial class. They decided to open a retail store called Free People. According to some sources, Hayne's ex-wife Judy Wicks co-founded the company with him. After opening another store, Urban Outfitters, Hayne imagined the concept behind Anthropologie, aiming to give 30- to 45-year-old women a store that offers products reflecting their style.. In the autumn of 1992, Anthropologie opened its first free-standing store in a refurbished automobile shop in Wayne, Pennsylvan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guardian Australia
''Guardian Australia'' is the Australian website of the British global online and print newspaper, ''The Guardian''. Available solely in an online format, the newspaper's launch was led by Katharine Viner in time for the 2013 Australian federal election and followed the introduction of '' Guardian US'' in 2011. ''Guardian Australia'' is owned by Guardian Media Group, which is in turn owned by the Scott Trust, which aims to stay independent and free from 'commercial pressures'. The online publication relies on digital advertising and voluntary reader donations or subscriptions for revenue, eschewing enforced paywalls implemented by other news websites. ''Guardian Australias headquarters is based in the Sydney suburb of Surry Hills, with bureaux in Brisbane, Melbourne and Canberra. It employs more than 70 journalists, editors and other personnel as of 2020, including editor-in-chief Lenore Taylor who assumed responsibilities in 2016. History Prior to its 2013 launch t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing risky Startup company, start-ups in the hopes that some of the firms they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovation, innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matrix Partners
Matrix Partners is a US-based private equity investment firm focusing on venture capital investments. The firm invests in seed and early-stage companies in the United States and India, particularly in the software, communications, semiconductors, data storage, Internet or wireless sectors. The firm is headquartered in Palo Alto, California, and has offices in Cambridge, Massachusetts; Mumbai, India; and Beijing, China. History Founded in 1977, Matrix was an active player in the development of the venture capital industry in the 1980s. The firm's direct predecessor, Hellman Ferri Investment Associates (1977 to 1982), was founded by Paul J. Ferri and Warren Hellman. In 1982, Ferri and Hellman split ways and Ferri went to focus on early-stage companies, forming Matrix in Boston, Massachusetts while Hellman founded the San Francisco-based private equity firm, Hellman & Friedman which focused on later-stage firm investments. Among the firm's notable investments, Matrix Partner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and '' Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Stev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free People
Free People is an American bohemian apparel and lifestyle retail company that sells women’s clothing, accessories, shoes, intimates, and swimwear. It also has a beauty and wellness category, which includes products such as cosmetics, skin, and oral care, oral supplements, crystals, and books. The prices of their items range from $4 to upwards of $2,500. Recently, the company has added a category called “FP Movement,” which is a mix of athletic and athleisure clothing, in addition to information on workout classes and events. Their headquarters is located in Philadelphia, Pennsylvania, and Free People is a part of Urban Outfitters, Inc., along with Anthropologie, BHLDN, Terrain, and the Vetri family restaurant group. Today, Free People sells their line in 1,400 specialty stores worldwide. The brand is distributed globally via direct channels, including the Free People Global site and Free People UK site, as well as specialty clothing boutiques, department stores, and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Outfitters
Urban Outfitters, Inc. (URBN) is a multinational lifestyle retail corporation headquartered in Philadelphia, Pennsylvania. Operating in the U.S., the United Kingdom, Canada, select Western European countries, Poland the United Arab Emirates, Kuwait, and Qatar, the Urban Outfitters brand targets young adults with a merchandise mix of women's and men's fashion apparel, footwear, beauty and wellness products, accessories, activewear and gear, and housewares, as well as music, primarily vinyl records and cassettes. The company was founded as the retail store Free People by Richard Hayne, Judy Wicks and Scott Belair in 1970 as a project for an entrepreneurship class at University of Pennsylvania. It was renamed to Urban Outfitters and incorporated in 1976. Urban Outfitters, Inc. (URBN) carries multiple stores within the URBN portfolio of brands, which also includes Anthropologie, Free People, Terrain, BHLDN and the Vetri Family restaurant group. Much of the merchandise is desi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
