- Buy now, pay later darling Afterpay (APT) is stepping into the European Union with the $82M purchase of Spain-based fintech company Pagantis
- Pagantis is a buy now, pay later company operating across Spain, France, and Italy, with regulatory approval for Portugal, too
- Afterpay will reconfigure Pagantis existing tech to the Afterpay core product and rebrand the company as Clearpay
- Afterpay said the addressable eCommerce market in the E.U. is worth almost $500 billion
- The launch of the new Afterpay arm is slated for the first quarter of the 2021 calendar year
- Afterpay shares opened strong this morning, climbing 3.74 per cent to a new intraday high of $81.90 in early action
