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
Location
New South Wales, Australia
Transaction Type
Buyout

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