Openpay’s Record Growth Across Leading Indicators Supported by Boosted Cash, Debt Funding and Rapid Growth of UK Business

August 31, 2020 05:38 PM AEST | By Team Kalkine Media

Google News:

Recent News

ArchTIS Breaks into US Defence Market with Strategic NC Protect Rollou...

Dubber (ASX:DUB) Takes Legal Action Over Missing Funds in Major ASX200...

Constellation Resources Taps Into WA’s Clean Energy Future with Scalab...

Western Gold Resources Moves Closer to Production with Toll Milling Mi...

Openpay Group Ltd (ASX:OPY) achieved record growth across leading indicators during the year ended 30 June 2020.

Active Plans noted an upsurge of 229% on pcp;
Active customers made a new record, with an increment of 141% on pcp;
Active merchants enlarged by 52%.

Furthermore, Revenue witnessed an upsurge of 64% and stood at AU$18 million for FY20, driven primarily by the surged record growth of 98% in the total transaction value.

Notably, the record growth was facilitated by robust cash position of AU$70.1 million and AU$80.8 million of available funding; and accelerated growth of UK business (Active Plans up 329% and Active Customers up 223% in H2 FY20 versus H1 FY20.

OPY is witnessing strong momentum while continuing into FY21, with indicated growth across all key metrics at the end of July 2020.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.