| Founded | 2013 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Total raised | £63M (Mars Capital, 2013–2021) |
| Collapse type | Sudden Collapse |
| Founder | Michael Eidel |
Openpay
"Australian BNPL that raised £63M to conquer the UK market announced it was ceasing all UK and Irish operations in January 2023 as BNPL economics collapsed across the sector."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Openpay was founded in Melbourne in 2013 and expanded aggressively into the UK and Ireland from 2019, raising £63M from investors including Mars Capital.
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