Openpay hits pause on US market

By
Follow google news

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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

How CBA unlocked 90 percent of its customer and transaction data

How CBA unlocked 90 percent of its customer and transaction data

Police Bank CIO exits

Police Bank CIO exits

CBA finds its first chief AI officer

CBA finds its first chief AI officer

AFCA brings in ex-Beyond Bank CIO

AFCA brings in ex-Beyond Bank CIO

Log In

  |  Forgot your password?