Milan (ots/PRNewswire) – Openthe leading Italian lending-as-a-service platform, is expanding in the European Union, Switzerland and the UK with its proprietary B2B buy now pay later solution, Opyn Pay Later, targeting merger opportunities.
Founded over 10 years ago by Antonio Lafiosca and Ivan Pellegrini, Opyn uses its proprietary all-in-one technology to provide fast and digital financial services that enable companies and financial institutions to grow and innovate. Opyn Pay Later offers in particular BNPL possibilities through an innovative and fully digital servicewhich includes all the necessary financial instruments for sales management in the B2B sector. Opyn Pay Later allows flexible and modular payment deferrals for any type of business, without interest or spending restrictions. Opyn Pay Later guarantees an end-to-end service that supports the entire sales process and meets the new needs of companies and SMEs. It has no fixed costs, can be customized, streamlines payment management and minimizes the risk of non-payment.
Access to this service is via the new website opyn.euwhich is available in Italian, English, German, French and Spanish.
With its overseas expansion strategy, Opyn is creating the conditions to realize the full potential of Buy Now Pay Later in its strong expansion phase to exploit. With an expected compound annual growth rate (CAGR) of more than 10% over 2023-2028 in Europe, BNPL’s gross merchandise volume is expected to double to $326 million in 2028 (Research and Markets, September 2023). The leader in the growth phase will be the B2B market, which will find in installment services a concrete alternative to the demand for capital, which, on the contrary, is becoming more and more expensive to access.
With internationalization, Opyn wants that too significantly expand the current volume of around 2 billion euros in receivables that the platform has so far managed in Italy alone. The Italian lending-as-a-service platform with a turnover of more than 40 million euros is now targeting M&A opportunities in Italy and abroad with strategic players in the areas of credit, point-of-sale (PoS) and payment transactions as well as with administration and control systems. The aim is to identify companies with positive EBITDA that can be seamlessly integrated into Opyn’s Lending-as-a-Service and Buy Now Pay Later platform to achieve significant synergies in terms of customers and cost efficiency.
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Questions & Contact:
Chiara Calderoni; cauldrons@webershandwickitalia.it; +39-342-9229541
