“Can a BNPL provider targeting longer-duration, higher-value specialty verticals survive where mass-market short-cycle BNPL could not?”
Founded in 2013 in Melbourne as a BNPL 2.0 provider targeting longer-duration, higher-value instalment plans (up to $20,000, 2–24 months) across specialty verticals like healthcare and automotive — differentiating from mass-market BNPL. Launched a B2B product (OPYPro) to extend financing to business customers. The Australian entity ceased operations in February 2023 amid broader BNPL sector pressures. A separate entity, OPENPAY S.A.P.I. DE C.V., continues to operate as a payment gateway in Mexico and Colombia (openpay.mx / openpay.co), backed by BBVA Mexico.
Openpay processes payments through Stripe, Airwallex, Authorize.net, Adyen, Pockyt, Checkout.com, CyberSource, PayPal and 2 others.
Openpay connects to bank accounts through Yapily.
Openpay uses Yapily for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in Openpay's stack: Payments / PSP (Stripe, Airwallex, Authorize.net, Adyen and 6 others); Lending (BNPL 2.0 (2–24 month instalment plans, up to $20,000) and OPYPro (B2B payment/financing solution for merchants)); Open banking (Yapily); FX & payouts (Yapily).
Openpay is founded in 2013 and headquartered in Melbourne, Australia (ceased Australian operations Feb 2023); also operates as OPENPAY, S.A.P.I. DE C.V. in Mexico/Colombia.
Openpay has raised $7.66M in total.
Get a read on where your own stack stands against Openpay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.