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.