Openpay appoints new CFO, reports record TTV and strong growth across leading indicators for July 2020 Key highlights • Openpay appoints Jussi Nunes as Chief Financial Officer effective 7 September 2020, replacing outgoing CFO, Andrew Burns • Record growth in July 2020 across leading indicators: o Active Plans up 235% - new record - relative to pcp1; o Active Customers up 145% - new record - relative to pcp; and o Active Merchants up 48% relative to pcp. • Total Transaction Value (TTV) in July 2020 was $24.0m, up 114% vs pcp, making it the best month in Openpay’s history; revenue was $2.1m, vs $1.2m in July 2019, an increase of 73% • In July, Australian in-store business increased (73% of TTV), particularly in Automotive and Healthcare, whilst online continued to grow strongly (27% of TTV) • Net Bad Debts in July as a percentage of TTV further decreased to 1.54%, down from 2.89% in Q4 FY20 • Notable merchant wins achieved across all industries, including the recently soft launched Membership and Education verticals • In August, Openpay entered an exclusive partnership with leading sports, leisure and hospitality SaaS technology provider MSL Solutions Limited (ASX: MSL) • Integration of Openpay for Business with Woolworths well progressed to deliver revenues in 1H FY21
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