Afterpay co-founder Nick Molnar to exit Afterpay and Block at year-end

The announcement

Nick Molnar plans to step away from Afterpay and Block when this year wraps. He shared the update on Saturday, writing, "I'll wrap up at the end of the year and then my only plans are to be around so much my family doesn't know what to do with me!"

Context around Afterpay and Block

Molnar launched the Australian buy now, pay later firm with Anthony Eisen in 2014 and helped scale it into a global name. Block - the U.S. payments and fintech firm helmed by Twitter co-founder Jack Dorsey - announced a 2021 agreement to acquire Afterpay for $29 billion. Dorsey has been reshaping Block with an emphasis on artificial intelligence, and in February he announced sweeping job cuts that were reported to include roles at Afterpay.

What he said about Australia's tech scene

Molnar said he was "incredibly proud of the work we've done to help export Australian technology." He added, "I'm excited by the strength of Australian entrepreneurs executing the same path," and, "I hope to see many more success stories make it to the global stage, just like we did."

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Why it matters for investors

Leadership changes can ripple through product priorities and integration pace inside Block's ecosystem. With Block leaning into AI and cutting headcount earlier this year, Molnar's exit adds another variable for the Afterpay playbook under Dorsey's broader strategy.

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