News & Analysis

Openpay raises $33 million in a day

- June 5, 2020 2 MIN READ

Melbourne buy-now-pay-later startup Openpay’s stellar week continued on Thursday when the company raised an additional A$33.77 million through an oversubscribed local institutional placement. The raise comes in a week where Managing Director and CEO Michael Eidel announced the fintech had secured a UK funding facility for £25 million (A$46 million) for its British business, adding… Read more »

News & Analysis

Openpay signs B2B deal with Woolworths

- February 4, 2020 < 1 MIN READ

  ASX-listed Openpay has signed a deal with Woolworths that takes the fintech into the B2B sector. Woolworths will launch Openpay for Business, which allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals and account management in the one system. The move is a shift way for Openpay from buy-now-pay-later (BNPL) services… Read more »

News & Analysis

Openpay is the latest buy now pay later fintech to list on the ASX – and its shares slumped

- December 16, 2019 2 MIN READ

Melbourne buy now, pay later (BNPL) fintech Openpay (ASX: OPY) became the last major startup listing for 2019, although initial trading wasn’t as auspicious as MoneyMe’s debut last week and Tyro in early December. Openpay raised $50 million issue at $1.60 per share for a market capitalisation of $150 million. Demand for the IPO exceeding… Read more »