Nick Molnar Announces Departure from Block
In a LinkedIn post published on Saturday, Nick Molnar, the co‑founder of Afterpay, confirmed that he will exit Block, the U.S. parent of Afterpay, at the end of 2026. Molnar stated that the decision is driven by a desire to spend more time with his family after more than a decade of building the business.
Molnar co‑founded Afterpay in 2014 together with Anthony Eisen, positioning the company as a leading player in the buy‑now‑pay‑later (BNPL) segment. The platform enables consumers to split purchases into installments, offering retailers an alternative to traditional credit products. In 2021, Block, a financial‑technology firm led by Twitter co‑founder Jack Dorsey, acquired Afterpay in a transaction valued at approximately $29 billion, integrating the Australian BNPL provider into Block’s broader consumer‑payments ecosystem and expanding its installment‑financing capabilities.
Block is currently restructuring its operations around artificial intelligence. In February, the company announced sweeping job cuts that reportedly affected employees at Afterpay, reflecting a broader effort to streamline the payments group’s workforce and technology priorities. Molnar, however, emphasized that the AI‑driven restructuring did not influence his decision to leave.
The company has not disclosed a successor for Molnar, nor has it detailed any immediate changes to Afterpay’s leadership team following his planned exit. His departure marks the conclusion of a significant chapter for Afterpay, which grew from an Australian startup into a globally recognized payments business before becoming part of Block.