Company Information

Get to know Openpay

Openpay Group Ltd was a financial technology company founded in 2013 that specialized in providing 'Buy Now, Pay Later' (BNPL) services. Headquartered in Melbourne, Australia, the company allowed customers to make purchases and pay for them over time through flexible, interest-free installments. Its platform was widely used in retail, automotive, healthcare, and home improvement sectors. Openpay expanded its operations to New Zealand, the UK, and the US (under the brand name Opy). Despite its growth, the company faced financial difficulties and, in February 2023, appointed receivers, ceased operations, and was subsequently delisted from the Australian Securities Exchange (ASX).

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Openpay

Australia

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.