Nick Molnar: The rise of a payments empire

Released Tuesday, 7th January 2020
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Serial entrepreneur Nick Molnar is the Co-Founder, Executive Director and Global Chief Revenue Officer of Afterpay Touch Group. Founded in February 2014 in Sydney, Australia by Nick and his Co-Founder Anthony Eisen, Afterpay facilitates commerce between retail merchants and their end-customers - offering a ‘buy now, take now, pay later’ service that does not require end-customers to enter into a traditional loan or pay any upfront fees or interest to Afterpay. Just two years after its founding, Afterpay listed on the ASX in May 2016 at a $1.6 billion valuation. Today Afterpay is valued at nearly AU $6 billion and has more than 4.3 million active customers and serves more than 30,000 retail merchants. In Australia, they process more than 10% of all e-commerce transactions. In May 2018, Afterpay expanded into the U.S. and have already amassed more than 1.5 million US customers and 3,300 active merchants, including Ray-Ban, Levi’s and Urban Outfitters.Prior to establishing Afterpay, Nick launched the leading American online jeweller,, into Australia under the local brand Nick successfully grew Ice in Australia to become the largest online-only jewellery and watch retailer. Earlier in his career, Nick worked as an Investment Analyst at venture capital fund M. H. Carnegie & Co., where he was primarily responsible for growth stage investments. Nicholas holds a Bachelor of Commerce from Sydney University.

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47m 40s
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