News for Openpay Group Ltd (OPY.AX)

Unregulated Buy Now Pay Later credit causing stress as cost-of-living pressures escalate and the most vulnerable consumers suffer most.

ASX Fintech companies grew exponentially during the pandemic, but have sank in 2022. Here are the fintech winners in February 2023.

FinTech companies on the ASX are not doing too badly and are slowly approaching their next maturity milestone, profitability.

Following the announcement of record quarterly results, Openpay was suspended from the ASX, and days later went into receivership.

Australian BNPL operator Openpay has gone into receivership, laying off 80 employees, just days after announcing record quarterly results.

The ASX has stumbled to -0.55% after the RBA hiked interest rates again, while EV Resources made some serious hay, up 46% on a $25m investment commitment.

Openpay's demise shines the spotlight on the struggling BNPL sector. But the latest results give some hope for the sector.

In today’s Money Morning, Openpay is in receivership. Laybuy is delisting. Is this the end of BNPL in Australia, and what can investors learn from the whole ordeal? For one, unit economics are a valuable tool.

The ASX 200 closed Monday and while Energy and Mining sectors rose half a percent, all other sectors were in the red.

On Stockhead today, Guy Le Page says the stage is set for a bullish year as he unpacks his own performance in 2022.

The ASX slid to finish just 0.3% higher today, with Lode Resources nearly tripling in price ahead of a looming National Nuggies crisis.

In today's Money Morning, the ASX 200 is up 7% so far in January and is nearing a record high. European shares are rallying. Chinese tech stocks staged a US$700 billion turnaround in recent weeks. What is happening? Is this a rational recovery or irrational exuberance?

The Emerging Companies index managed to lift slightly this week to 0.61% but all sectors finished in the red.

After hitting pandemic peaks, the fintech sector has been down for most of 2022. What does the future hold for BNPL and Non Bank stocks?

The ASX has been buoyed by a strong show from Wall Street overnight, and it turns out that bats are like death metal singers. Who knew?

ASX-listed Butn (ASX:BTN) is one such company that’s growing rapidly in the booming B2B BNPL space, away from the crowded B2C space

Both the Emerging Companies (XEC) index and the ASX200 are lower, despite a strong day in the resources space and the return of BNPL action.

Australian markets are ahead this week. The Emerging Companies (XEC) index climbed 1.5%, the benchmark up about 0.6% since the Monday open.

Australian markets are ahead this week. The Emerging Companies (XEC) index climbed 1.5%, the benchmark up about 0.6% since the Monday open.