The notice came a day after

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The committee recommended that the government consider an appropriate regulatory framework for the industry. Eisen and Molnar first appeared on the Financial Review Rich List in May 2019, each with an estimated $487 million in wealth. Molnar became the youngest billionaire to appear on the list. In June of the same year, the Australian Transaction Reports and Analysis Center (AUSTRAC) served Afterpay with an external notice stating that it had “reasonable grounds to suspect that Afterpay is a reporting entity that has contravened and/or is contravening sections 32 and 81 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006”.


The company penetrated the market for $317.2 million worth of fresh capital, payroll directors email lists with its directors Molnar, Eisen, and David Hancock cashing out $103 million. A prominent economist, Larry Summers, joined the Afterpay advisory board in October 2019, mentioning that the company’s rapid growth rates and its commitment to curbing credit card addiction in the U.S. convinced him to become part of its journey.


Afterpay’s monthly sales in November 2019 were more than $1 billion. This was the company’s highest monthly performance since it was founded. In February 2020, the number of Afterpay customers in the U.S. was 3.6 million. The company would attract a million new users by November of the same year. Safe to say that nearly 5% of all millennials in the United States have used Afterpay.