Jonathan Shapiro writes about banking and finance with the Australian Financial Review, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney and has co authored By Now Pay Later with James Eyers.

"The fascinating behind the scenes story of the brash Aussie technology start up that changed the way a whole generation around the world does their shopping.

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."

 

Connect with Jonathan here:

Buy Now Pay Later: https://www.booktopia.com.au/buy-now-pay-later-jonathan-shapiro/book/9781760879464.html 

LinkedIn: https://www.linkedin.com/in/jonathan-shapiro-7b78b271

Twitter: https://twitter.com/johnnyshap?s=20

 

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