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Openpay hits pause on US market

By Byron Kaye and Sameer Manekar

Jul 4 2022 6:45AM

Punished by rising interest rates, BNPL company slashes staff.

Openpay hits pause on US market

Openpay Group, an Australian buy-now-pay-later (BNPL) firm, has halted operations in the United States four months after describing it as its main growth market, the latest casualty among consumer finance startups as rising interest rates bite. Investment in an "Americanised" platform ...

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