Openpay

Overview

Openpay was an Australian fintech company founded in 2013, specializing in "Buy Now, Pay Later" (BNPL) financial services. The company enabled customers to make purchases and pay for them later through interest-free installments, focusing on larger transactions in sectors like healthcare, automotive, and home improvements. Openpay also offered a business-to-business (B2B) software-as-a-service (SaaS) platform called OpyPro, which provided trade account and credit management solutions to enterprise clients, including notable customers like Woolworths and HP.

The core product allowed consumers to buy goods and services both online and in-store, spreading payments over time without interest. Openpay expanded its operations internationally to the UK and US markets but exited these in 2022. The company had a significant presence in the Australian market, employing over 160 people and generating substantial revenue before entering receivership in 2023.

Basic Information

Contact Details

• Phone: +61 1300 168 359
• Website: openpay.com.au
• LinkedIn: linkedin.com/company/open-pay

Key Focus Areas & Initiatives

• Buy Now, Pay Later (BNPL) financial services
• Interest-free installment payment solutions
• Credit management SaaS (OpyPro)
• B2B software for trade account and receivable management
• Solutions for sectors including healthcare, automotive, and home improvements
• Enterprise client partnerships
• Financial technology innovation
• Expansion to UK and US markets (now exited)
• Cloud-based payment platform
• Consumer finance and e-commerce solutions

Technologies Used

• AI
• Apache
• Mobile Friendly
• WordPress.org