RE: when will it melt up4 Aug 2020 17:17
n August 2018, Afterpay entered into a share purchase agreement to purchase Clearpay, a UK based buy now pay later subsidiary of Thinksmart. Under the agreement, Afterpay acquired 90% of the equity in Clearpay for total consideration of 1 million Afterpay shares. Afterpay has the option to purchase the remaining 10% in any time 5 years subsequent to the purchase.[9] In June 2019, Afterpay announced that it had launched in the UK under the Clearpay brand.[10][11] In its 2019 financial year update, the company announced that its growth in the UK was faster than that of the US, with more than 200,000 customers in the UK over its first 15 weeks.[