EmpatKali
2020
Why
Afterpay acquired the Singapore-based payments business operating in Indonesia as part of its Asian expansion planning; consideration was not disclosed.
Afterpay Limited
Buy NowFounded 2014- HQ today: Melbourne, Victoria, Australia
Reviewed by Swet Parvadiya
Company data updated: September 2026
Acquisitions
Afterpay Acquisitions
4
Major Deals Covered
What are Afterpay's biggest acquisitions?
This page covers 4 major deals from 2017 to 2020, each with its price where disclosed and the reason behind it.
- Major deals covered
- 4
- First deal
- 2017
- Most recent
- 2020
| Company | Year | Price | Purpose |
|---|---|---|---|
| Touchcorp Limited | 2017 | Undisclosed | Afterpay acquired Touchcorp under the transaction that created Afterpay Touch Group and combined Afterpay with its payments technology provider. |
| ClearPay Finance Limited (90% stake) | 2018 | Undisclosed | Afterpay acquired 90% of ClearPay for one million Afterpay shares, then used the Clearpay brand for its United Kingdom launch. |
| EmpatKali | 2020 | Undisclosed | Afterpay acquired the Singapore-based payments business operating in Indonesia as part of its Asian expansion planning; consideration was not disclosed. |
| Pagantis SAU and PMT Technology SLU | 2020 | Undisclosed | Afterpay agreed to acquire the Spanish payments businesses to support expansion in Spain, France, and Italy. |
- What companies has Afterpay bought?
- Major acquisitions by Afterpay documented here include EmpatKali (2020), Pagantis SAU and PMT Technology SLU (2020), ClearPay Finance Limited (90% stake) (2018) and Touchcorp Limited (2017).
- What is Afterpay's most recent acquisition?
- The most recent Afterpay acquisition documented here is EmpatKali, in 2020.
Pagantis SAU and PMT Technology SLU
2020
Why
Afterpay agreed to acquire the Spanish payments businesses to support expansion in Spain, France, and Italy.
ClearPay Finance Limited (90% stake)
2018
Why
Afterpay acquired 90% of ClearPay for one million Afterpay shares, then used the Clearpay brand for its United Kingdom launch.
Touchcorp Limited
2017
Why
Afterpay acquired Touchcorp under the transaction that created Afterpay Touch Group and combined Afterpay with its payments technology provider.
Afterpay Limited's Growth & Acquisition Strategy
Block stated at closing that it intended to add Afterpay BNPL to Square checkout, let Afterpay customers manage installments in Cash App, and help Cash App customers discover sellers and BNPL offers. Subsequent expansion has focused on those seller and consumer connections.
How Afterpay Limited Makes Money
Before the Block acquisition, Afterpay earned most income from merchant fees on purchases processed through its platform, with a smaller contribution from customer late fees. Customers generally paid four installments over six weeks and paid no interest. Block now reports Afterpay within its consolidated results rather than as a standalone public company.
Afterpay Acquisitions FAQ
What is Clearpay?
Clearpay is the name used by Afterpay in the United Kingdom. Afterpay acquired 90% of ClearPay Finance Limited in 2018 and launched the service there in 2019.
Did Afterpay acquire Touchcorp?
Afterpay's FY2017 report describes the transaction as Afterpay's acquisition of Touchcorp; the combined business became Afterpay Touch Group.
What did Afterpay buy for European expansion?
Afterpay acquired 90% of ClearPay in 2018 and agreed to acquire Pagantis and PMT Technology in 2020 to support expansion in Europe.
Who bought Afterpay?
Jack Dorsey's Block (formerly Square) acquired Afterpay in an all-stock deal initially valued at a staggering $29 billion.
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