In Canada, no much less than, neobanks are gaining steam, fueled by increased funding. But they still face challenges in a rustic long dominated by a small group of incumbents. It went to the US by partnering with US VC Matrix Partner (who took a 20% stake into the business). Afterpay took the time to increase overseas and started by New Zealand earlier than expanding within the US. Instead of paying for the entire quantity of your buy whenever you buy it, you’ll pay it in several instances (e.g. 33% at buy, 33% 1 month later and the rest 2 months later).
