market. Afterpay was launched in the U.S. in mid-May 2018 with retailers such as Anthropologie, Free People, and Urban Outfitters. In August 2018, Afterpay acquired 90 percent of the equity in "Clearpay", a U.K. based BNPL service, for a total consideration of one million Afterpay shares.

With reported underlying sales of 4.7 billion in the 11 months to May 2019, Afterpay raised 317.2 million in fresh capital through a