 | |
| 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]
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006.
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.
Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. it is ASEAN's second largest market capitalization after Indonesia Stock Exchange at US$609.653 billion as of September 2023.
MYOB is an Australian multinational corporation that provides tax, accounting and other business services software to small and medium businesses. It is owned by KKR.
Woolworths Supermarkets is an Australian chain of supermarkets and grocery stores owned by Woolworths Group. Founded in 1924, Woolworths is currently Australia's largest supermarket chain with a market share of 33% as of 2019.
Redbank Power Station is a biomass power station located in Warkworth, in the Hunter Valley of New South Wales, Australia. The station is currently awaiting a restart of operations after converting from its original use as a coal-fired power station. Redbank is unique for its utilisation of circulating fluidised bed technology, the only generator of its kind in Australia. Upon re-fire, the station will operate using 100% biomass at a capacity of 151MW of electricity.
IQVIA, formerly Quintiles and IMS Health, Inc., is an American Fortune 500 and S&P 500 multinational company serving the combined industries of health information technology and clinical research. IQVIA is a provider of biopharmaceutical development, professional consulting and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including investment strategy and management consulting services. It has a network of more than 88,000 employees in more than 100 countries and a market capitalization of US$49 billion as of August 2021. As of 2023, IQVIA was reported to be one of the world's largest contract research organizations (CRO).
Ampol Limited is an Australian petroleum company headquartered in Sydney, New South Wales. Ampol is the largest transport energy distributor and retailer in Australia, with more than 1,900 Ampol-branded service stations across the country as of October 2022. Ampol also operates in New Zealand through its subsidiary Z Energy.
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.
Brickworks is Australia's largest brick manufacturer, consisting of four divisions – Building Products Australia, Building Products North America, Industrial Property, and Investments.
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).
Wisr is an Australian non-bank lender offering consumer lending services. It was known for being the first company of its type to be publicly listed in Australia. In March 2018, DirectMoney launched a major company rebrand to Wisr.
Isentia is a media intelligence and data technology company owned by Access Intelligence and headquartered in Sydney, Australia. It has a corporate history dating from 1982. It has offices in Melbourne, Canberra, Brisbane, Adelaide, Perth (Australia), Wellington, Auckland, Kuala Lumpur (Malaysia), Singapore, Manila, Bangkok, Jakarta and Ho Chi Minh City.
Dubber is a cloud based call recording software which operates as a software-as-service (SaaS) and voice data offering. Dubber was founded in Melbourne, Australia in 2011 by James Slaney, Steve McGovern and Adrian Di Pietrantonio, and predominantly sells to Telecommunications Service Providers and Enterprise customers.
Zip Co Limited is a digital financial services company with operations in Australia, New Zealand and the USA. According to their FY24 Annual Results, across the group they had 6.0 million active customers, total transaction volume of A$10.1 billion, revenue of A$868.0m, and cash gross profit of A$372.9m.
Oracle Advertising and Customer Experience (CX) is a suite of cloud-based applications offered by Oracle Corporation that includes tools for advertising, marketing, sales, e-commerce, customer service.
PAPAYA Global is a fintech SaaS company that specializes in global workforce payroll and payments. The company was founded in 2016 by Eynat Guez, Ruben Drong, and Ofer Herman. Eynat Guez is the CEO and has been since the company was established. The company gained unicorn status in 2021. In March 2022, Papaya Global acquired Azimo.