 | |
| OPY.AX | |
| Industry | Finance |
| Founded | 2013 |
| Defunct | 7 February 2023 |
| Headquarters | Melbourne, Australia |
Area served | Australia |
| Divisions | OpyPay |
| Website | www |
Openpay Group, commonly referred to by its trading name Openpay, is an Australian fintech company that operates in the "Buy now, pay later" field and provides online financial services and post purchase payments. Their core service is designed to allow customers to pay for items purchased using interest-free installments.
Openpay was founded by Yaniv Meydan and Richard Broome in 2013. [1] As opposed to similar 'Buy Now, Pay Later' companies such as Afterpay, Openpay has attempted to focus more on cash flow management on larger purchases in areas such as healthcare, automotive and home improvements. Since 2019, it also provides a software as a service (SaaS) product for B2B clients such as Woolworths [2] to offer trade accounts and management.
Openpay previously expanded to both the United Kingdom and the United States, but departed both markets in 2022. [3]
Openpay has gone into receivership on 7 February 2023. [4]
In July 2023, it was announced that the OpyPro B2B SaaS platform had been sold to a related company – OP Fiduciary Pty Ltd – for $10 million. Openpay was officially removed from the ASX on 28 August 2023. [5]
OpyPro Holding Pty Ltd. provides its cloud-based, B2B credit management solution based on the all-in-one trade accounts receivable platform. [6] Major enterprise clients for its solution amongst others are Woolworths and HP. [7]
Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. In 2023, the company’s seat in Forbes Global 2000 was 80. The company sells database software and cloud computing. Oracle's core application software is a suite of enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software, enterprise performance management (EPM) software, Customer Experience Commerce and supply chain management (SCM) software.
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David Jones Pty Ltd, trading as David Jones, is an Australian luxury department store. The brand was owned from 2014 to 2023 by the South African retail group Woolworths South Africa. In December 2022, David Jones was sold to private equity firm Anchorage Capital Partners for approximately $100m.
Woolworths Group Limited is an Australian multinational retail and finance company, primarily known for the operation of its retail chain Woolworths Supermarkets across Australia, Woolworths in New Zealand and its discount department store Big W. Headquartered in Bella Vista, Sydney, it is the largest company in Australia by revenue and number of employees, and the second-largest in New Zealand.
Coles Supermarkets Australia Pty Ltd, doing business as Coles, is an Australian supermarket, retail and consumer services chain, headquartered in Melbourne as part of Coles Group. Founded in 1914 in the suburb of Collingwood by Sir George Coles, Coles currently operates 846 supermarkets throughout Australia, including several now re-branded Bi-Lo stores. Coles has over 120,000 employees and accounts for around 27 per cent of the Australian market.
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Woolworths Supermarkets is an Australian chain of supermarkets and grocery stores owned by Woolworths Group. Founded in 1924, Woolworths today is Australia's biggest supermarket chain with a market share of 33% as of 2019.
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Insignia Financial Ltd is an Australian financial services company that originated with the Independent Order of Odd Fellows and was formerly known as IOOF Holdings Ltd. It provides clients with a range of financial services including financial advice, investment management, superannuation and estate and trustee services. It is listed on the ASX 200.
Macquarie Group Limited is a global investment banking and financial services group providing banking financial advisory and investment and funds management services to institutional, corporate and retail clients and counterparties around the world, headquartered in Sydney and listed in Australia. Macquarie Bank employs more than 20,000 staff across four operating groups in 34 markets and its Investment Banking division is Australia's top ranked mergers and acquisitions adviser with more than A$871 billion in assets under management and is the world's largest infrastructure asset manager.
Market America is a multi-level marketing company founded in 1992 by JR and Loren Ridinger. Headquartered in Greensboro, North Carolina, the company employed around 800 people as of 2016. The products offered by the company include household cleaning supplies, jewelry, personal care products, auto care, cosmetics, dietary supplements, custom websites, water purifiers, and weight management products. A 2017 lawsuit accused the company of being an illegal pyramid scheme.
Cvent Holding Corp. is a Tysons Corner, Virginia-based company that provides software-as-a-service (SaaS) solutions for meetings, events, and hospitality management. Their web-based platform caters to in-person, virtual, and hybrid events, offering functionalities like online registration, venue selection, event management tools, and attendee engagement features. Cvent also provides software for hotels and venues to manage group bookings, including corporate travel, and source new group business. Previously a public company, Cvent was acquired by investment firm Blackstone Inc. for $4.6 billion in June 2023.
Aconex Limited was an ASX 200 listed public Australian company providing mobile and web-based collaboration technologies for project information and process management, on a software as a service (SaaS) basis, to clients in the construction, infrastructure, power, mining, and oil and gas sectors.
Vista Group International Limited is a multinational tech conglomerate that provides technology for film distribution, exhibition and analytics globally. They are made up of eight businesses with more than 630 staff across offices in Auckland, Sydney, Los Angeles, London, Shanghai, Beijing, Mexico City, South Africa, the Netherlands and Romania. Its software is installed in cinemas in 116 countries. Vista Group is listed on both the New Zealand Stock Exchange (NZX) and Australian Securities Exchange (ASX).
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