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AFTPF - Afterpay: Rising Global Leader In The BNPL Payment Market
Afterpay Limited
Overview
Afterpay (ASX: APT) (AFTPF) is a highly interesting investment opportunity in the BNPL (Buy Now, Pay Later) fintech/payment market. It builds a payment gateway offering that allows its customers to buy from the merchants and pay for the purchase in four equal payments made every two weeks without upfront fees and interests. The company makes money by charging merchant fees as well as late fees.
Started in Australia in 2015, the local payment giant went IPO in ASX in 2017 when it was trading at merely around AUD 3 per share. In only five