MELBOURNE, Australia—The small-dollar lending space is getting more crowded in the U.S.
Afterpay is rolling ahead with its plan to expand into the U.S, after a successful licensing acquisition, Channel News reported.
The Australian business, which offers delayed payments on a two-week plan, has acquired a license for financial lending in California.
But it hasn’t always been smooth sailing for the buy now, pay later Australian financial service as regulators in Australia have previously accused Afterpay of non-compliance with money laundering laws, Channel News said.