Afterpay co-founder Nick Molnar wins 2018 Pearcey NSW ICT entrepreneur of the year award

Media release | 2 November 2018

The co-founder and CEO of NSW startup company AfterPay, Nick Molnar, has been named the winner of the 2018 NSW Pearcey Foundation ICT Entrepreneur of the Year Award.

The annual Pearcey Award recognises outstanding and successful NSW tech entrepreneurs who are in mid-career and who have potential to succeed further.

Mr Molnar helped start and leads Afterpay, a retail payments innovator and one of Australia’s fastest growing fintech companies.

Afterpay facilitates transactions between retail merchants and customers offering a ‘buy now, take now, pay later’ service.

The company has over 1.8 million customers and 18,000 retailers on board including Myer, Officeworks, The Iconic, Rebel Sport, The Athlete’s Foot, Big W and Sephora.

Afterpay listed on the Australian Securities Exchange in May 2016.

Prior to establishing Afterpay, Mr Molnar launched the American online jeweller, in Australia under the local brand and grew it to become the largest online-only jewellery and watch retailer.

Mr Molnar has also been involved in high school entrepreneurship programs and is a regular speaker at startup events.

The Pearcey Award was presented to Mr Molnar by the Chair of Jobs for NSW David Thodey at an awards event held at the Sydney Startup Hub with the Australian Computer Society (ACS).

The awards were supported by the NSW Government through Jobs for NSW, UTS, WiseTechGlobal, and the NSW Data Analytics Centre, Ribit and the ASX.

Deputy Premier and Minister for Small Business John Barilaro congratulated Mr Molnar as one of NSW's most successful fintech entrepreneurs.

"Nick Molnar is a worthy winner of the NSW Pearcey Award as a trailblazer in our state's tech industry," Mr Barilaro said.

"As co-founder of NSW fintech company Afterpay he has enjoyed strong success with the company named among the 'Leading 50' fintech companies in the world in the recent 2018 Fintech100 report by H2 Ventures and KPMG.

"NSW is home to 55 per cent of Australia's fintech companies and it’s innovators like Nick Molnar and Afterpay who are driving rapid change and growth in our financial services sector.

“The NSW Government is investing heavily in the startup sector to create jobs and industries for the future, including through initiatives like Jobs for NSW and the Sydney Startup Hub and support for industry awards like this.”

The Pearcey Foundation also recognised the achievements of other NSW technology entrepreneurs inducting them into its NSW Hall of Fame, including Adam Brimo, founder and CEO of OpenLearning; Silvia Pfeiffer, co-founder of Coviu; and Natalie Nguyen, founder and CEO of Hyper Anna.

The 2018 NSW Pearcey Awards also featured a pitching competition between companies from incubators at NSW universities, and presentations by some of the finalists and winners in the NSW Young ICT Explorer initiative for school children.

Nick Molnar