Briefs: Openpay resolves funding uncertainty Thorn CFO departs
Buy now, pay later company Openpay reported that its A$65 million receivables funding facility is “no longer under a review event” and funds are being drawn from the facility. The announcement follows news last week that it had successfully rolled over its two other debt facilities. When it released its 2021/22 financial report in August, Openpay disclosed that it faced an uncertain funding position. Now its position is more secure.
Thorn Group chief financial officer Luis Orp has left the company, after “completing his employment”. Orp was at the troubled finance company for two years.