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Buy now, pay later [electronic resource] : the extraordinary story of afterpay / Jonathan Shapiro and James Eyers

Author
Shapiro, Jonathan
Published
Sydney, N.S.W. : Allen & Unwin, 2021.
Physical Description
xii, 388 pages, 8 unnumbered pages of plates : chiefly color illustrations, chiefly color portraits ; 24 cm
Additional Creators
Eyers, James
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Contents
Prologue -- Rags to riches -- Asset strippers -- Lay-by -- Touch point -- Little king -- Going public -- The unsuspected secret -- Mickey Mouse and marijuana -- Broker wars -- Short on time -- House of cards -- Taking credit -- The cub club -- Going viral -- Standing down -- Trending -- Once in a lifetime -- Epilogue.
Summary
Millennials love it. Amateur investors made millions out of it, and its founders became billionaires. But professional investors steered clear, regarding it as over-valued. In a few short years, the Australian startup Afterpay has put a rocket under consumer finance and birthed a global industry. It pioneered the four-payments model that allows customers to bypass credit cards for online shopping and budgeting, with the cost borne by the retailer. Just five years after it was founded, Afterpay had changed the way a generation went shopping, how brands from big banks to fashion labels win customers, and how institutions value companies. Buy Now, Pay Later recounts the dramatic behind-the-scenes story of the founding and rise of Afterpay. It reveals the network of business and personal relationships that enabled the company to finance its speedy growth and the manoeuvring that enabled it to escape regulation for years, as well as the near-death experiences and rising concern that it is getting young people hooked on debt. Drawing on years of on-the-ground reporting and interviews with key figures involved in their rollercoaster ride, this is the Afterpay story told in full for the first time.
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ISBN
9781760879464 (paperback)
1760879460 (paperback)
Bibliography Note
Includes bibliographical resources (pages 359-374) and index (pages 375-388).
View MARC record | catkey: 38987820