Startup · $33.8m raised
San Francisco, VIC
Every investor coverage indicates participated in a round OpenPay raised.
The transaction that ended OpenPay's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Airwallex | Acquisition | 4 Sep 2025 | - | Forbes Australia, Australian FinTech |
Companies OpenPay acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Theresa Abela | Group Chief Risk and Compliance Officer | Australian FinTech |
| Michael Eidel | Group CEO and Managing Director | Australian FinTech (Wed 21 Jul 2021), Australian FinTech (Tue 22 Jun 2021), Australian FinTech (Wed 31 Mar 2021), Startup Daily (Fri 5 Jun 2020), Startup Daily (Mon 16 Dec 2019) |
| Lance Co Ting Keh | CEO | Australian FinTech |
| Ed Bunting | Group Chief Operating Officer | Australian FinTech |
| Dion Appel | CEO Australia/New Zealand | Australian FinTech |
Stories naming OpenPay. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Airwallex has bought OpenPay, a US billing software maker, to fold its subscription and revenue tools into Airwallex's global platform. Terms were not disclosed.
Also Forbes Australia
Techboard's monthly roundup tallies August 2022 private funding at $207m across 22 deals, listing the month's raises, BlackRock's acquisition of Akaysha Energy, One Click Life's reverse takeover listing, and several fund closes.
Also Startup Daily
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
Weekly roundup reporting many startup funding rounds, Investible's fund close, Skalata's committed capital, hipages buying Builderscrack, Stack Sports acquiring Team App, and Level Equity's stake purchase in Eftsure.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Weekly roundup reporting numerous Australian and New Zealand startup raises, Icehouse Ventures securing fund capital, GitLab's IPO, two acquisitions, Clover's closure, and Openpay's debt facility.
Also Startup Daily
Openpay promotes Dion Appel from Group Chief Commercial Officer to lead its Australia and New Zealand business, while Ed Bunting and Theresa Abela take new group roles and Michael Eidel stays Group CEO.
Australian BNPL firm Openpay has agreed to buy Payment Assist, a British automotive buy-now-pay-later provider, for £11.5 million upfront plus an earn-out of up to £17 million, completing in FY2022's first half.
ASX-listed payments firm Openpay has lined up $67.5 million across a corporate debt facility, an institutional share placement backed by binding commitments, and a share purchase plan, funding its US, UK and Australian expansion.
Weekly newsletter rounds up venture news: multiple Australian and regional VC fund closes, startup raises including Brighte and Judo, acquisitions of eNett and Sine, neobank collapses, and new revenue-based lenders.
Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Australian FinTech·Australian FinTech·TechCrunch Venture
Secure Code Warrior's CEO advises Australian founders on raising capital in a recession, citing his company's Series B and recent funding rounds by Canva, Preezie and Openpay.
Also Blackbird Ventures portfolio·Startup Daily·ARN (ARNnet)·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Women's Agenda·Startup News (WA)·Women's Agenda·ARN (ARNnet)·TechCrunch Venture·TechCrunch Venture·Startup Daily
Openpay raised about A$33.77 million via an oversubscribed institutional placement, days after securing a £25 million debt facility for its UK business, lifting its market cap to A$329 million.
Also SmartCompany
Buy-now-pay-later provider Openpay is tapping fund managers via stockbroker Shaw and Partners for a planned $30 million equity raising, with proceeds earmarked for UK expansion, B2B growth and balance sheet strengthening.
Afterpay secured a 5% stake purchase by Tencent, lifting its share price sharply, with founders and a Tencent executive commenting on the investment and possible collaboration.
Melbourne BNPL fintech Openpay listed on the ASX, raising $50 million at $1.60 a share for a $150 million market cap, with shares falling below the issue price on debut.