The payment platform has cancelled its IPO plans and raised $7.7m in a round backed by property developer Meydan Group.
Australia-based payment platform Openpay has raised A$10m ($7.7m) from real estate developer Meydan Group, asset management firm Investec and investment firm SL Investments Group, Business Insider has reported.
The round was announced in October 2016 as pre-IPO funding but the company has now cancelled the plans for its initial public offering.
Openpay was formed through the combining of several payment companies, including Jam Payments and Evoke AutoPay, which were all owned by the same investors.
The company offers payment plans…
