Founded in Australia, Openpay is a next generation buy now, pay later, payment solution that helps customers responsibly manage their purchases. The mission of the company is to change the way people pay for the better, offering a flexible alternative to expensive overdrafts and credit cards. In 2019, the privately-owned fintech announced its international expansion by entering the UK, its first market outside of Australia and New Zealand.
Customers can spread payments into equal monthly instalments, subject to an initial payment at the time of purchase. Customers can then align future payments with their pay cycle, helping them manage their finances more easily. Customers pay no fees and no interest, ever. Sign-up is quick and easy, with customers able to purchase through Openpay in up to 90 seconds.
Today, Openpay works with over 4,000 merchants worldwide including Bunnings, Bupa, Nike, Smiggle and French Connection and has over 150 employees. Andy Harding is Openpay’s UK Managing Director and the Openpay Group is led by CEO Michael Eidel in Australia.