This report provides a comprehensive analysis of Afterpay's business model, utilizing the Business Model Canvas framework. It examines the company's key partners, activities, value propositions, customer relationships, customer segments, key resources, channels, cost structure, and revenue streams. The analysis delves into the critical success factors that have contributed to Afterpay's rapid growth, including its easy partnership methods, strong distribution network, and user-friendly services. The report also identifies potential risks related to operations, such as fraud and competition from traditional financial institutions. Furthermore, it recommends changes to the business model, including increased partnerships, enhanced marketing, and a stronger focus on research and development to adapt to market demands and secure a competitive advantage. The report concludes with a discussion of Afterpay's potential for future growth and expansion within the financial technology sector.