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19.5¢ openpay group ltd

Ann: Openpay launches into B2B sector with Woolworths, page-5

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11,142 Posts.

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04/02/20

09:51

Post #: 42730978
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Originally posted by GoSwannies: ↑

This was strategy clearly detailed in their prospectus, and was front and centre in the chairman's letter..
"There remain significant opportunities in continuing the Company’s local market growth along with the potential to broaden into new sectors, to expand upon the recent entry into the United Kingdom, and to further leverage the proprietary capabilities of Openpay’s platform, particularly in entering new sectors with a beneficial customer profile and developing a B2B payments solution with a capital light SaaS (software-as-a-service) model."

Why wouldn't you look to monetise the technology they have built with another business line. It must be of some use if someone the size of Woolworths is the first to take it on.

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they need to get the BNPL strategy perfected first. No point being a half decent product in multiple markets.

everything they do will burn cash so at this early stage, focussing on your core business model is imperative

OPY Price at posting: $1.20 Sentiment: Sell Disclosure: Not Held
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