Afterpay (ASX:APT) is set to expand into Canada
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Afterpay’s (ASX:APT) trading update for the three month period ended 30 June 2020 shows strong performance delivering underlying sales of $11.1 billion in FY20, more than doubling the prior corresponding period, up 112 per cent.
Active customers in the US have now reached 5.6 million while the UK has reached 1 million.
They are planning for expansion into Canada with launch expected in Q1 FY21.
They company today announced its $1.05 billion capital raise, to capitalise on the opportunity to scale globally.
Shares in Afterpay (ASX:APT) are in a trading halt, last traded at $68.
Copyright 2020 – Finance News Network
Source: Finance News Network
