Australian buy now, pay later firm has invested in Postpay, one of its counterparts based in the UAE.
In Brief:
Postpay has raised $10mn through an equity investment.
This included Afterpay itself and its investment arm, AP Ventures.
AP Ventures will nominate a director to sit on Postpay’s board.
What does this mean?
Postpay says the strategic investment will provide capital to accelerate growth as well as “new learnings” from Afterpay. The investment comes after yesterday’s news that Splitit -- and American BNPL brand – had partnered with tabby which operates in the UAE and Saudi Arabia.
