Openpay
| Traded as | OPY.AX |
|---|---|
| ISIN | 🆔 |
| Industry | Finance |
| Founded 📆 | 2013 |
| Founder 👔 | |
| Headquarters 🏙️ | Melbourne, Australia |
Area served 🗺️ | UK, Australia, and US. |
Key people | (CEO) Michael Eidel (Board member) |
| Members | |
Number of employees | |
| Divisions | OpyPay |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
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 such as and post purchase payments..[1] Their core service is designed to allow customers to pay for items purchased using interest free installments.
History[edit]
Openpay was founded by Yaniv Meydan and Richard Broome in 2013[2]. The company is now helmed by Michael Eiden as of 2013. As opposed to similar 'Buy Now, Pay Later' companies such as Afterpay, Openpay has attempted to focus more on business to business clients such as Woolworths[3] and Ford[4]
Controversy[edit]
Openpay found itself in controversy in early 2021 when it was discovered that they were charging default fees to customers that had died[5]. After this became public, Openpay proceeded to remove this from its Terms and Conditions.
References[edit]
- ↑ "Company Website".
- ↑ Koehn, Emma. "Openpay falls hard on ASX debut". smh.com.au. Retrieved 11 March 2021.
- ↑ Crozier, Ry. "Woolworths quietly opens its B2B online shopping platform". itnews.com.au. Retrieved 12 March 2021.
- ↑ Dowling, Neil. "Ford's Buy Now Pay Later Deal". goauto.com.au. Retrieved 12 March 2021.
- ↑ Richardson, Tom. "Openpay's remorse fuels buy now, pay later's critics". afr.com. Retrieved 4 April 2021.
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