‘Buy now. Pay smarter.’ company, Openpay Group Ltd (ASX: OPY) has signed an agreement to deliver its OpyPro business to business (B2B) platform to on-line retailer, Kogan.com and continues to enhance its leadership position in Automotive with new agreement with Nissan.
Openpay has signed on-line retailer, Kogan.com as a new enterprise partner for OpyPro (B2B) Openpay leveraged its existing relationship with Kogan.com in the business to customer (B2C) space to secure a new OpyPro (B2B) enterprise contract win.
OpyPro will integrate with Kogan.com’s ecommerce systems to deliver an enhanced and simplified buying and transaction experience for business customers.
In addition, OpyPro’s funding partner Lumi will provide credit to Kogan.com’s business customers.
Openpay’s OpyPro SaaS solution helps empower businesses to self-serve through dedicated buyer and supplier portals, reducing administration cost and time and to purchase goods and services.
The OpyPro solutions allows businesses to maintain compliance with account and receivables management rules, with 24/7 real-time access to account features for greater accuracy and control of business spend.
We are thrilled to have added Kogan.com to our growing list of B2B customers. This deal demonstrates strong demand from businesses for an easier and more efficient payment experience,” CEO and Managing Director, Michael Eidel, said.
“Credit term funding for business buyers in Australia will be provided by OpyPro’s funding partner, Lumi, enabling OpyPro to operate as a capital-light, SaaS-based product.”
Kogan.com’s Director of Strategy, Ross Metherell, said the company has a longstanding relationship with Openpay in BNPL for B2C.
“We look forward to using OpyPro platform as part of our offering to our business customers.”
OpyPro is Openpay’s platform for the global B2B market, built as modern, merchant-led software that large companies can use to manage their trade accounts end-to-end in a fully digitised manner – from application to transaction and remittance.
This announcement follows B2B partnerships with Woolworths, HP and Kyriba and provides Openpay the unique opportunity to become a provider of choice in the multi-trillion dollar Australian and international markets for B2B payments.
Openpay has secured a key agreement with Nissan Australia, which includes marketing campaigns to drive new customer growth and targeted communication to Nissan Australia’s existing customer base.
Nissan Australia will work with its dealership network to increase the availability and use of Openpay’s consumer payment offerings among its 188 network dealerships.