With a market capitalisation of $19.8b, Afterpay is looking to Europe for its next expansion move. It will cost the fintech company €50m to buy Pagantis from NBQ Corporate SLU.
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Afterpay acquires Spanish BNPL firm Pagantis to spearhead its advancements into Europe
“Our momentum to date has given us the confidence to expedite our expansion into new global regions,” says chief executive, Anthony Eisen. “Acquiring Pagantis provides us with the necessary regulatory licencing, resourcing and infrastructure to expedite the launch of Afterpay into key countries in southern Europe and beyond,” he adds.
