Afterpay Holdings customers grow and sales climb

Company News

by Jessica Amir

Afterpay Holdings Limited (ASX:AFY) is reporting its underlying annualised sales estimates will be more than $1 billion, following its recent strong trading activity.

It comes as the ‘buy now pay later’ company announced its underlying retail estimates would hit about $165 million (unaudited) for the 2 months ending 31 May 2017, which is far greater than its Q3 FY2017 result.

The on-boarding of large retailers such as Myer (ASX:MYR), Big W and Officeworks (ASX:WES) fueled the growth.

Afterpay says customers on the platform grew by 35% in the two months to 31 May 2017, taking its live customers to over 5,000.

Meantime, Afterpay says the merger with Touchcorp (ASX:TCH) is also on track.

Shares in Afterpay Holdings Limited (ASX:AFY) are trading 3.53% higher to $2.64.
 

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