Thursday, April 15, 2021
TechMoran
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Business

Australian Buy now, pay later provider Openpay launches in the US

Fawad Malik by Fawad Malik
4 months ago
in Business, International Edition, Startups, US Edition
10 min read
0

Openpay Group, Australia’s Buy now, pay later (BNPL) provider has launched its operations in the US market.

Openpay is an ASX-listed, fast-growing, and highly differentiated player in global BNPL payment solutions. It delivers the most flexible plans in the market, focuses on industries where it can make a real 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.

The Company also has a unique B2B offering, Openpay for Business, a SaaS-based platform that allows companies to manage trade accounts end-to-end.

The US launch adds to Openpay’s global reach, with the Company already offering its services in Australia, New Zealand, and the UK. In the US, it will offer both its differentiated ‘Buy now. Pay smarter.’ and B2B SaaS products. Its focus will be on similar industries to Australia and the UK, including Retail to scale quickly and verticals such as Automotive and Healthcare, where Openpay is a leading BNPL provider in Australia with its flexible longer-term, and higher-value plans.

The Company has already built a strong US pipeline, with partnership discussions with foundational partners in banking, merchant, and large payment processor sectors at advanced stages.

To support the impending launch, Openpay is pleased to announce the appointment of its US executive team, led by Brian Shniderman, a 32-year veteran in the payments and fintech advisory industry. Mr Shniderman will become Openpay US’ CEO and Openpay’s Global Chief Strategy Officer. He joins from Deloitte, where he founded and grew the firm’s globally top-ranked Payments practice. He successfully helped the C-suite of large global companies implement high-visibility, complex payments, fintech and banking strategies, mergers and acquisitions, operations, and technology initiatives. These include large credit card issuers, merchant acquirers, networks, payments processors, corporates, governments, and merchants. Prior to Deloitte, Mr. Shniderman was an executive at several advisory firms, focusing on fintech and payments. In 2001, he was recognised as an innovator of the year by Fortune for introducing approaches for B2B equity-based payments, continuing to innovate and launch new fintech products since then.

CEO and Managing Director of Openpay, Michael Eidel commented, “This is possibly the most significant announcement for Openpay since we listed on the ASX on this day, last year. We are very excited to have commenced the launch of our consumer BNPL and B2B offerings into the US, building on our proven responsible approach, flexible products and focus on industries where we have strong confidence in our ability to deliver a differentiated value proposition. We’re entering the market with a team of highly respected US industry leaders who see great potential to bring our unique approach in BNPL and B2B to the US market.”

READ  Germany's Netzmarkt starts heavy push of Gigajob across Africa

Related posts

Solar firm REDAVIA closes over $898,000 in debt financing from Trine for expansion

April 15, 2021
0

Scale is a new digital platform connecting SMEs to tender opportunities in Kenya

April 14, 2021
0

Startupbootcamp AfriTech Accelerator Opens for Applications from Africa’s Most Disruptive Startups

April 14, 2021
0

FarmDrive provides Kenyan farmers with alternative credit scoring.

April 13, 2021
0

AZA is a platform for your currency trading solutions.

April 13, 2021
0

Mi Vida Leveraging Over 200 Years Real Estate Experience to Bring Affordable Housing to Kenya

April 13, 2021
0

Brian Shniderman added: “It’s clear that consumers and merchants want and need much more transparent, fair and flexible payment alternatives to traditional credit cards and BNPL options that lack transparency and charge unreasonable rates. I joined Openpay US because this is an amazing company leading the shift towards a much more consumer friendly and merchant-centric payments future. Merchants I’ve advised were contacting me to help them find a better option. Openpay is the clear solution, and they’ve agreed.”

Also joining the US executive leadership team is Gary Stein, who joins as the US company’s Chief Product and Compliance Officer and Troy Carrothers, who will serve as a Corporate Advisor.

Gary Stein brings nearly 30 years of financial services experience to Openpay US, including the last 9 as the Consumer Financial Protection Bureau’s (CFPB’s) Deputy Assistant Director for Consumer Credit, Payments, and Deposits. At the CFPB, Mr Stein developed the Bureau’s markets-shaping vision for both faster payments and consumer data sharing. He also oversaw the Bureau’s Small Dollar & Instalment Lending Markets team. Earlier in his career, Mr Stein served as a senior banker and financial services consultant.

READ  Introducing Kenya's Mashinani TV | Using Tech to Inspire Change

Mr Carrothers is a financial services and retail leader with more than 25 years of experience across credit cards, payment acceptance, and customer services. He led one of the largest retail credit card portfolios in the US as the Senior Vice President and General Manager of Credit, Payments and Customer Service at Kohls. Prior to Kohl’s, Mr Carrothers held management and senior leadership roles in the US and Latin America with Citigroup and Fidelity Investments. He also was the Chairman of the Board for the Merchant Advisory Group from 2018 to 2019, representing approximately 160 merchants domestically and internationally.

The team will also be joined by a US CFO with prior fintech and big 4 experience across the banking and payments industries.

Readers 969

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Fawad Malik

Fawad Malik

Fawad Malik Technology geek by heart, blogger by passion. Expert in enlightening the latest technology reviews & news to the world. Also helping people to build quality backlinks, drive massive traffic, and develop relationships in a great way. Contact Fawad at [email protected]

Related Posts

Startups

Solar firm REDAVIA closes over $898,000 in debt financing from Trine for expansion

April 15, 2021
0
Startups

Scale is a new digital platform connecting SMEs to tender opportunities in Kenya

April 14, 2021
0
Startups

Startupbootcamp AfriTech Accelerator Opens for Applications from Africa’s Most Disruptive Startups

April 14, 2021
0
Startups

FarmDrive provides Kenyan farmers with alternative credit scoring.

April 13, 2021
0
Startups

AZA is a platform for your currency trading solutions.

April 13, 2021
0
Business

Mi Vida Leveraging Over 200 Years Real Estate Experience to Bring Affordable Housing to Kenya

April 13, 2021
0
Startups

Nigeria’s Appzone raises $10mn to build out a financial operating system for Africa  

April 12, 2021
0
Efayomi
People

The fintech-focused VC space in Africa is fairly small, here is how Flourish Ventures is changing that

April 12, 2021
0
Startups

EnableMe, a social network for people with disabilities launches in Kenya

April 12, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

OPPO Reno5 named official smartphone partner for the PUBG MOBILE Middle East & Africa Esports 2021

April 15, 2021

Beg bounty hunting – why do people do it, and how?

April 15, 2021

Solar firm REDAVIA closes over $898,000 in debt financing from Trine for expansion

April 15, 2021

Instagram Has Launched A New Test That Will Enable IG Users To Choose Whether They Post Like Counts Or Not

April 15, 2021

The Best Laser Engraver for Wood Enthusiasts

April 15, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: