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Italian human fintech Opyn goes international and seeks M&A opportunities. Opyn Pay Later, its proprietary 'buy now, pay later' B2B solution, is now available for merchants in the European Union, United Kingdom and Switzerland
MILAN, Jan. 30, 2024 /PRNewswire/ -- Opyn, the leading Italian lending-as-a-service platform, expands in the European Union, Switzerland and the United Kingdom with its patented 'buy now, pay later' solution for B2B, Opyn Pay Later, and points out opportunities for mergers and acquisitions.
Founded more than 10 years ago by Antonio Lafiosca and Ivan Pellegrini, Opyn offers through its patented all-in-one technology, fast and digital financial services that allow companies and financial institutions to grow and innovate. In particular, Opyn Pay Later offers BNPL opportunities through an innovative and fully digital service, which includes all the financial tools necessary for sales management in the B2B field. Opyn Pay Later allows flexible and modular payment deferrals for any type of business, without interest or spending limits. It guarantees an end-to-end service that supports the entire sales process, satisfying the new needs of corporations and SMEs. It has no fixed costs, can be customized, speeds up payment management and minimizes exposure to the risk of non-payments.
The access point to the service is the new website opyn.eu, developed in Italian, English, German, French and Spanish.
With its expansion strategy abroad, Opyn creates the conditions to take advantage of the full potential of Buy Now, Pay Later in its strong expansion phase. With an expected compound annual growth rate (CAGR) of more than 10% over the period 2023-2028 in Europe, BNPL gross merchandise volume is expected to double to $326 million in 2028 (Research and Markets, September 2023). The B2B market will lead the growth phase, which now finds in installment services a concrete alternative to the demand for capital, access to which, on the contrary, is increasingly expensive.
With internationalization, Opyn also intends to significantly expand the current volume of around €2 billion of credits managed by the platform so far 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, both in Italy and abroad, between strategic players in the credit sectors, points of sale (PoS ) and payments, as well as in management and control systems. The goal is to identify EBITDA-positive companies that can seamlessly integrate with Opyn's buy now, pay later lending-as-a-service platform to generate significant synergies in terms of customers and cost efficiencies.
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