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MEDIA RELEASE: Afterpay wins the FinTech Organisatio n of the Year at the ‘FINNIES’

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13 Jul

MEDIA RELEASE: Afterpay wins the FinTech Organisatio n of the Year at the ‘FINNIES’

launch-admin Jul 13, 2017 0 1619
FinTech Australia awards Afterpay as winner in leading category at this year’s ‘FINNIES Awards

Sydney, Australia, 25 May 2017 – Retail payments innovator Afterpay, has been recognised at the prestigious FinTech Australia National Awards 2017 – The FINNIE Awards, Australia’s first-of-its-kind program, curated with and for the Australian FinTech community.

The ‘FINNIES’ which were set up to recognise champion leaders of fintech in Australia, awarded Afterpay as the ‘FinTech Organisation of the Year’, crediting the platform for its revolutionary approach to payment technology that allows customers to buy now, receive now and pay later.

Nick Molnar, Managing Director at Afterpay, said, “It’s truly an honour to accept this award from FinTech Australia and be recognised amongst our peers and the fintech community. The retail industry is changing and innovation is key to keeping up with customers, who now have more power than ever in the way they choose to pay. We are proud to be able to offer a payment option that resonates with Australian consumers, and helps to stimulate sales and grow retail businesses.”

Afterpay recently celebrated its 12-month anniversary listing on the Australian Securities Exchange and now has over 650,000 customers and over 4,300 retail merchants. The platform continues to maintain a strong pipeline of Australia’s leading brands and has reported it currently processes approximately 15 per cent of total online fashion retail and three per cent of total online retail in Australia. Achievements over the past year include:

–  Launching its highly anticipated iPhone and iPad app which shot to number one on the App Store within 48 hours of announcing the launch to its customer base

–  Branching out into department stores announcing significant partnerships with household Australian brands including Myer and Big W

–  Partnering with e-commerce platforms, global heavyweight BigCommerce and established local Neto, as well as leading payments provider Tyro Payments

Afterpay has hit it off with a range of consumers, in particular millennials, which comprise 73 per cent – almost three quarters of its customer base. Retailers are truly connecting with millennials on a personal level and the advocacy through their customers has been incomparable.

Heavily focused on expanding to broader retail categories and consumer demographics is the way forward for Afterpay. The substantial increase to over half a million customers embracing the ‘buy now, receive now, pay later’ payment option reinforces this vision.

– ENDS –

About Afterpay
Founded in 2014, Afterpay is a leading Australian retail payments innovator that facilitates commerce between retail merchants and their end-customers. Afterpay offers a ‘buy now, receive now, pay later’ service that is absolutely in the customer interest, not requiring end-customers to enter into a traditional loan or pay any upfront fees or interest. Afterpay currently has over 650,000 customers and over 4,300 retail merchants and in 2016, listed on the Australian Securities Exchange. For more information, visit www.afterpay.com.au.

Media Contact
Christine Kardashian
Launch Group
02 9492 1000 | 0416 005 703

Image source: FinTech Australia
L to R: Hon. Matt Kean MP, Minister of Innovation and Better Regulation, Gabrielle Wakeman and Nick Molnar from Afterpay, and Karen Borg from Jobs for NSW


Christine Kardashian, Group Account Director

Launch Management Group Pty Ltd
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