Kogan.com (ASX:KGN) - Kogan Founder and CEO, Ruslan Kogan
Kogan Founder and CEO, Ruslan Kogan
Source: Kogan.com
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  • Openpay Group (OPY) agrees to deliver its OpyPro business-to-business platform to online retailer, Kogan.com
  • Openpay’s platform, OpyPro, will integrate with Kogan.com’s eCommerce systems, to offer a simplified transaction experience for business customers, while OpyPro’s funding partner, Lumi, will provide credit
  • Meanwhile, the company has enhanced its leadership position in the automotive realm with a new agreement with Nissan
  • Openpay Group shares were up 1.9 per cent, trading at $1.30 at 2:15 pm AEST

Openpay Group (OPY) has signed an agreement to deliver its OpyPro business-to-business platform to online retailer, Kogan.com.

Openpay’s platform, OpyPro, will integrate with Kogan.com’s ecommerce systems, offering a simplified transaction experience for business customers.

OpyPro is a solution to assist businesses to self-serve through dedicated buyer and supplier portals. It was designed to reduce administration cost and time, and to purchase goods and services.

 OpyPro’s funding partner, Lumi, will also provide credit to Kogan.com’s business customers.

“We are thrilled to have added Kogan.com to our growing list of B2B customers,” said Openpay CEO and Managing Director, Michael Eidel.

“This deal demonstrates strong demand from businesses for an easier and more efficient payment experience.”

The OpyPro platform is now servicing over 7,000 business customers, with expected growth of a further 6,000 business customers over the next year.

This announcement follows business-to-business partnerships with Woolworths, HP and Kyriba, which Openpay says gives it the opportunity to become a provider of choice in the multi-trillion-dollar Australian and international markets for B2B payments.  

Meanwhile, the company has enhanced its leadership position in the automotive sphere with a new agreement with Nissan.

Nissan Australia said it will work with its dealership network to increase the use of Openpay’s consumer payment offerings among its 188 network dealerships.

Openpay Group shares were up 1.9 per cent, trading at $1.30 at 2:15 pm AEST.

OPY by the numbers
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