Afterpay Co-founder Molnar to Depart by Year-End

Afterpay co-founder Nick Molnar has announced that he will leave Afterpay and its parent company Block by the end of this year. Molnar, who co-founded Afterpay with Anthony Eisen in 2014, expressed his desire to spend more time with his family. In a message posted on LinkedIn, he stated that after finishing work at the end of the year, he will focus on family. Block acquired Afterpay for $29 billion in 2021, and under the leadership of Jack Dorsey, Block is undergoing a business restructuring, shifting its focus to artificial intelligence, and announced large-scale layoffs in February, which also affected Afterpay. Molnar expressed pride in taking Australian technology overseas and looks forward to seeing more Australian entrepreneurs succeed on the global stage.

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