Who is Openpay?
Openpay Group Ltd (ASX: OPY) is a fast-growing and highly differentiated player in the global 'Buy now pay later' (BNPL) payment solutions market. The Company’s strong platform enables it to deliver the most flexible plans in the market with durations of 2–24 months and values of up to $20,000.
Openpay focuses on industries where it can make a true difference: Automotive, Healthcare, Home Improvement, Memberships and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.
Openpay also has a unique B2B offering, Openpay for Business, a SaaS-based platform that allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals and account management in the one system.
Openpay provides services to Customers and Merchants in Australia, New Zealand, the UK and entered the US market, under the brand name Opy, in December 2020.
Why invest in Openpay?
Openpay has a strong track record of growth and future growth opportunities. It is an attractive proposition for both customers and merchants and has a highly scalable business model, a differentiated customer base and an experienced management team and board.
Which stock exchange is Openpay listed on?
Openpay listed on the Australian Securities Exchange (ASX) on 16 December 2019.
What is Openpay’s ticker code?
Openpay trades under the ticker code: OPY.
I’m a US investor, where can I buy stock in Openpay or its US business, Opy USA?
You can buy stock in Openpay Group Limited, which is the parent entity of Opy. Certain US brokers offer international - including Australian - share trading and custodial facilities. The brokerage costs and terms vary greatly, and some brokers may only provide a custodial note or an International Depository Receipt (IDR), a negotiable certificate issued by a bank. It represents ownership of shares in a set stock in a foreign company that the bank holds in trust. Many custodial notes and IDRs over shares will not give you full ownership; they will offer you ownership minus dividends and voting rights. Therefore, please check terms and conditions you have agreed to before trading.
Some examples of US brokers that can trade in Openpay stock are:
For more information on how to find the right broker, visit the ASX website at www.asx.com.au.
Is there a minimum number of shares I need to purchase to become a shareholder?
The minimum initial share purchase is $500 under ASX listing rules. Openpay suggests that individuals discuss the purchase of any shares with a financial advisor or broker to determine what the optimal number to buy would be considering budget and personal factors.
What is Openpay’s fiscal year?
Openpay’s fiscal year runs from July 1 to June 30.
Who maintains Openpay’s share registry?
Automic Registry Services is Openpay’s share registrar. Should you require information regarding your shareholding, please contact Automic via phone or web:
1300 288 664 (within Australia)
+61 (0) 2 9698 5414 (International)
What is the best way to keep across Openpay’s progress?
A great way to keep across our news as it’s released to market is to subscribe for email alerts. To subscribe now, click here. You can unsubscribe at any time.
How do I contact Investor Relations?
For investor relations, refer details on our Contact Us page.