Nick Molnar announced he will leave Afterpay and parent company Block at the end of 2026. He co-founded Afterpay in 2014 with Anthony Eisen. He said he is stepping away to focus on his family.
A second founder exit
Molnar shared the news in a LinkedIn post on Friday. His exit follows Eisen's move away from executive duties in October 2024. Eisen remains a director of Afterpay's Australian subsidiary.
Afterpay and Block
Block completed its acquisition of Afterpay on January 31, 2022. Square, now Block, agreed to the deal in 2021 at US$28 billion. Afterpay built a global buy now, pay later business with millions of customers and hundreds of thousands of merchants.
A broader sales role
In August 2024, Block put Molnar in charge of centralized sales across Square, Afterpay, and Cash App. His work covered merchant acquisition, training, and incentives. Block said Afterpay's sales culture had already helped grow Cash App products.
Molnar said he felt more confident than ever about Block's future and leadership. He also praised his partnership with Eisen. He highlighted Block's approach of telling consumers and small businesses that it trusts them.
Read more: bloomberg.com