In one fell swoop, Aussie buy-now-pay-later provider Openpay (ASX: OPY) has tripled its revenue and customers in the UK via their acquisition of specialist automotive lender Payment Assist in what will be the largest BNPL acquisition in the UK to date. The deal will accelerate Openpay’s pathway to profitability in the UK with the addition
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As with the coronavirus, the buy now pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, Fear of Missing Out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in
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Amid the US-led tech sell off the ASX-listed buy now pay later (BNPL) sector has had a decent touch-up, with valuations as much as 40 per cent down on their recent peak levels. Is it enough to quell what many investment experts view as a clear case of irrational exuberance? The near-term price graphs tell
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It’s been a rough first month since listing on the ASX for Buy-Now-Pay-Later (BNPL) service provider Openpay (ASX: OPY) but the fintech is diversifying into the B2B market with the launch of Openpay For Business – software designed to streamline trade account management. Despite its Openpay branding, Openpay For Business will not offer B2B partners
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