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Square deal vaults Afterpay founders to nearly $1.8 billion fortunes

After the deal is completed, Molnar and Eisen will help lead Afterpay's merchant and consumer businesses as part of Square's Seller and Cash App divisions

Nick Molnar, Afterpay
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Heeding the advice, Molnar managed to boost those jewelry sales sixfold within a month. About three years later, he launched the buy-now-pay-later business, Afterpay. (Photo: Bloomberg)

Nabila Ahmed, Kurt Wagner & Harry Brumpton | Bloomberg
As a wannabe investment banker, Afterpay Ltd. co-founder Nick Molnar was told to stick to his “side hustle” of selling jewelry on EBay Inc. instead of taking a job with a venture capital firm.
 
If that didn’t work out, his would-be boss at the company where he was interviewing promised to keep the job open for him for a year.

Heeding the advice, Molnar managed to boost those jewelry sales sixfold within a month. About three years later, he launched the buy-now-pay-later business, Afterpay. On Monday, just five years on from the firm’s stock-exchange debut, Molnar, 31, and his former neighbor