After­pay pow­ers up

The Gold Coast Bulletin - - BUSINESS -

SHARES in buy-now-pay­later provider After­pay Touch Group were on a tear ye­ter­day after the com­pany an­nounced it had signed up 300,000 con­sumers in the US in less than six months.

The com­pany’s (APT) share price surged as much up 13 per cent in morn­ing trade after it up­dated the mar­ket yes­ter­day morn­ing in­di­cat­ing it was per­form­ing strongly in the US, de­spite still be­ing “early days”.

After­pay said it has notched over $115 mil­lion in un­der­ly­ing sales in the US by the end of Oc­to­ber from over 300,000 con­sumers and 900 re­tail­ers.

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