Block, Inc. (Square) Completes Acquisition of Afterpay Limited
January 31, 2022
Block, Inc. (formerly Square, Inc.) has completed its acquisition of Afterpay Limited via a court-approved scheme of arrangement, bringing Afterpay's buy-now-pay-later (BNPL) capabilities into Block's Square and Cash App ecosystems. Afterpay co-founders joined Block to lead merchant and consumer businesses, and Block plans to integrate Afterpay to enable BNPL at checkout, deepen Cash App functionality, and drive growth for merchants and consumers.
- Buyers
- Block, Inc. (formerly Square, Inc.)
- Targets
- Afterpay Limited
- Sellers
- Afterpay shareholders
- Industry
- Payments & Fintech
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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