Openpay logo — Openpay Group Ltd (ASX: OPY). Buy now. Pay smarter.

Openpay

Openpay Group Ltd (ASX: OPY). Buy now. Pay smarter.

Founded 2014 Australia Melbourne, Australia 33 employees Post-IPO Equity Total: $299.65M Financial Services, Fintech +1

General Information

Company Name Openpay
Founded Year 2014
Location Australia Melbourne, Australia
Employees 33
Industries Financial Services, Fintech, Payments
Funding Stage Post-IPO Equity
Social

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About Openpay

Openpay Group Ltd (ASX: OPY) is a leading player in the Financial Services, Fintech, and Payments industries. Founded in 2014 and headquartered in Australia, the company promotes itself with the slogan: "Buy now. Pay smarter." It offers a unique financing solution known as "BNPL 2.0," enabling transactions up to $20,000 with customizable payback terms of up to 24 months.

Positioned beyond traditional "Buy Now, Pay Later" services, Openpay targets underserved verticals like Automotive, Healthcare, Home Improvement, Memberships, Education, and Retail. Its strategy benefits both consumers, through transparent terms and quick credit decisions, and merchants, with a B2B payments offering for trade account management.

The company received its latest investment of $18.25M in Post-IPO Equity on 23 May 2022, which signals continued investor confidence in its vision and potential for growth within its dynamic sector.

Business keywords: Payments Fintech, BNPL 2.0, Omnichannel Financing, Automotive Financing, Healthcare Financing, Home Improvement Financing, Membership Payment Solutions, Education Financing, Retail Financing, B2B Payments, Trade Account Management, Interest-Free Payments, Customizable Payment Plans, Credit Decision Technology, Merchant and Consumer Solutions

Services & Products

Payment Processing
Rewards Points Accumulation
Bill Synchronisation
Travel and Event Redemptions
Business Expense Maximization

Target Customers

Small and Medium Enterprises (SMEs) Accountants Bookkeepers Business Owners

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Equity $18.25M -
23 May 2022
Post IPO Debt $271.40M 2
Goldman Sachs, Atalaya Capital Management
07 Oct 2021
Venture Round $10.00M 3
Investec Emerging Companies, Meydan Group +1
26 Oct 2017

Openpay Alternatives & Competitors

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Openpay vs

The B2B Payment Revolution. Accelerate your growth with Deferred Payment!

Series B
8 employees
Finance, Financial Services
Openpay vs
Hero
Hero France

Your payments and cash flow — all working seamlessly together as one. It’s all right here on Hero.

Series A
152 employees
B2B, Fintech
Openpay vs
Flux
Flux Mexico

Enabling retail stores to accept alternative credit. Y Combinator (S19)

Seed
8 employees
Financial Services, Fintech

FAQ About Openpay

Openpay Group Ltd (ASX: OPY). Buy now. Pay smarter.
Openpay was founded in 2014.
Openpay is headquartered in Melbourne, Australia.
Openpay operates in Financial Services, Fintech and Payments. Its work centres on Payments Fintech, BNPL 2.0, Omnichannel Financing and Automotive Financing. Its customers include Small and Medium Enterprises (SMEs), Accountants and Bookkeepers.
Openpay has approximately 33 employees.
Openpay has completed 3 funding rounds, raising a total of $299.65M. The latest funding stage is Post-IPO Equity.
Openpay offers: Payment Processing, Rewards Points Accumulation, Bill Synchronisation, Travel and Event Redemptions, Business Expense Maximization.
Top alternatives and competitors to Openpay include RollingFunds, Hero, Flux, Credit Key, iwoca. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Openpay and RollingFunds are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Openpay, https://bouncewatch.com/company/openpay, updated 17 October 2025. When citing, please name BounceWatch and link this page.

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