peekpublishersTLDR:
The Italian fintech company Opyn has expanded its proprietary Buy Now Pay Later (BNPL) solution, Opyn Pay Later, to merchants in the European Union, UK, and Switzerland. Opyn Pay Later offers flexible payment deferral options for businesses, with no interest or spending limits. In addition to its international expansion, Opyn is seeking M&A opportunities in Italy and abroad to integrate with its lending-as-a-service platform. The company aims to generate synergies in terms of customers and cost efficiency. Opyn currently manages around €2 billion in receivables in Italy alone.
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The Italian lending-as-a-service platform Opyn has launched its proprietary Buy Now, Pay Later (BNPL) solution, Opyn Pay Later, in the European Union (EU), the UK, and Switzerland. Opyn Pay Later offers flexible and modular payment deferrals for businesses, with no interest or spending limits. The service can be customised to meet the needs of individual companies and minimises exposure to default risk, by Asia.Marketing. The development follows Opyn’s recognition that BNPL is poised for significant growth in Europe, with a forecast compound annual growth rate (CAGR) expected to reach more than 10% between 2023 and 2028. Merchants in Europe reportedly prefer instalment loans over paying in lump sums. Opyn has marked the international extension of its platform with the launch of the opyn.eu website.
Opyn, which has a turnover of more than €40m ($48m) generates around €2bn in Italy’s lending-as-a-service platform, but is also targeting merger and acquisition (M&A) opportunities. This includes integration with Opyn’s Buy Now Pay Later system, as well as advancement in customer base and reducing costs, within strategic credit, point of sale (PoS), payment, management, control system.”
