Afterpay has more US customers than Australian

In its half-yearly financial results, Australian FinTech firm Afterpay Limited reported more customers in the United States than in Australia. The company said it had 3.6 million active customers in the U.S. – a 443 percent rise from the same time last year. Meanwhile, it had 3.1 million active customers in Australia and New Zealand, with 0.6 million active customers in the U.K.

Afterpay CEO and Managing Director Anthony Eisen said in an announcement, “Our global expansion is accelerating, with the U.S. and U.K. growing at a considerably faster rate than what we experienced in ANZ. The U.S. now represents over 30 percent of the group’s total underlying sales and has the largest number of customers actively using the platform.”

The company also reported that it had 7,400 active merchants in the U.S., which marked a 421 percent rise from the same time last year. It also had 35,500 active merchants in Australia and New Zealand, which marked a 63 percent rise from the same time last year.

In the U.K., the company had 400 active merchants, and noted that “three of the U.K.’s largest eCommerce retailers (ASOS, Boohoo and Marks & Spencer) are already onboarded to the Afterpay platform in the first year of operation.”

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Source: Afterpay Has More Us Customers Than Australian | PYMNTS.com