Afterpay’s Stock Price Up 560% Since Their March Lows

Traded on the Australian Securities Exchange buy now pay later leader Afterpay has been on a tear in recent weeks; while the stock initially took a big hit along with most companies in late February and March, Afterpay is up a staggering 560% since their March lows according to the Wall Street Journal; Afterpay has added one million new customers in the US in the last ten weeks and now claims a total of five million customers here; many shoppers tried the company during the shutdown as online shopping increased and buy now pay later became a popular payment option; the company is seeing increased competition in the sector as Shopify launched their own service earlier this year. The Wall Street Journal

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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