Afterpay co-founder Molnar to leave at the end of the year

Nick Molnar, co-founder of buy now, pay later platform Afterpay, has announced that he will leave the company and its US parent Block at the end of this year. Molnar, who founded the Australian buy now, pay later business with Anthony Eisen in 2014, said he wants to spend more time with his family. He posted the news on LinkedIn on Saturday. Block, the US payments fintech led by Twitter co-founder Jack Dorsey, acquired Afterpay for $29 billion in 2021. Dorsey has been restructuring Block's business, shifting focus toward artificial intelligence, and announced mass layoffs in February, with Afterpay reportedly among those affected.