Afterpay co-founder Nick Molnar will leave Block when 2026 ends, writing on LinkedIn that he’s stepping away after 13 years to spend time with his family. Molnar started Afterpay with Anthony Eisen in 2014 and stayed on after Square, now Block, agreed to buy it for US$28B in 2021, rising in August 2024 to head of sales over the Afterpay, Square, and Cash App teams. Eisen stepped back from his Block executive job in October 2024, so Molnar’s exit means neither co-founder will hold an executive role at the company. His departure also follows Block’s February layoffs, which reportedly cut nearly half of Afterpay’s roughly 1,300 staff in Australia as Jack Dorsey reorganized the business around AI.
