Clearpay upside for ThinkSmart

Broker Canaccord Genuity believes that the acquisition of buy now, pay later finance Australia-based provider Afterpay by Square Inc could be good news for ThinkSmart (LON: TSL) which retains a residual stake in the UK-based Clearpay, which it sold to Afterpay.

There was a 10% stake retained in Clearpay by ThinkSmart, but employees will receive some of the shares, so the net stake is 6.5%.

There is an option for the remaining stake in Clearpay to be acquired by Afterpay - or ThinkSmart can require it to buy it - in 2023-24. There is a part of the agreement that enables Afterpay to accel...

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