Australian buy now, pay later (BNPL) firm Openpay Group said it had secured $271.4 million in debt funding from Goldman Sachs Group and investment firm Atalaya Capital Management to fund its upcoming launch in the United States.
The BNPL market exploded in the past year as homebound consumers used the services to borrow and spend online during the COVID-19 pandemic, attracting big players PayPal Holdings, Mastercard Inc and Visa Inc into the sector.
