The AFR Rich List of May 2025 put Nick Molnar's wealth at A$1.11 billion, ranking him 151st. His fortune comes from Afterpay, the buy now, pay later company he co-founded with Anthony Eisen.
Molnar designed a no-interest instalment product in April 2014. He and Eisen founded Afterpay in October 2014 at Molnar's home in Rose Bay, Sydney. Afterpay listed on the ASX on 4 May 2016 after a A$25 million raise.
Matrix Partners invested about A$19.4 million in January 2018, which backed the US launch. In June 2019 Afterpay raised A$317.2 million in a share issue, and in May 2020 Tencent paid A$300 million for about 5%.
Block, then called Square, agreed in August 2021 to buy Afterpay in an all-stock deal worth A$39 billion, or $29 billion. The deal closed on 31 January 2022 and Afterpay left the ASX.