Anthony Eisen was chief investment officer at Guinness Peat Group before he turned to Afterpay. He knew Nick Molnar as a neighbour in Rose Bay, Sydney.
The two founded Afterpay in October 2014 from a home in Rose Bay. Molnar had begun designing the no-interest instalment product in April 2014. Both men served as co-CEOs.
Afterpay listed on the ASX on 4 May 2016, raising A$25 million. Matrix Partners backed its US launch in 2018. Tencent invested A$300 million in May 2020.
In 2021 Block agreed to buy Afterpay in an all-stock deal worth A$39 billion. The deal closed in January 2022 and Afterpay left the ASX.