Clearpay reports robust start to 2021 with surge in sales and customers
UK underlying sales through Clearpay hit $0.8bn in the first half of 2021, up 288% year on year, the company, known as Afterpay outside of the UK, has revealed.
Active UK Customers also increased by 161% to 1.6 million, while contribution from returning customers increased from 87% on 30 June 2020 to 90% on 31 December 2020.
Active Merchants also rose by 812% as of 31 December 2020 compared to the same time last year, while “strong growth in merchant acceptance” had continued into January and February 2021, it added.
The news follows the announcement of Clearpay as the Principal Partner for London Fashion Week over the next two years.
Clearpay will also underwrite all of The British Fashion Council (BFC) talent initiatives including NEWGEN, the BFC/Vogue Designer Fashion Fund, the BFC/GQ Designer Menswear Fund and the BFC Fashion Trust, which recognise excellence and provide support to the best British designers.