Openpay Group provided June 2022 Trading Update

Openpay Group Ltd (ASX: OPY) has provided June 2022 trading update along with major unaudited highlights for the month and 2H FY2022.

• The Total Transaction Value (TTV) for the month was AU$35.4 million, up 66% compared to the previous corresponding period (pcp).
• Delivered a strong revenue of AU$2.9 million, up 75% on pcp.
• OpyPro TTV  was of AU$6.4 million, up 406% on pcp.
• June’s strong revenue growth contributed to a considerably better average Revenue Margin for the 2H 2022.
• An average NTM ratio for 2H22 of 3.2% represents a substantial improvement of 110bps compared to 2H 2021.
• 2H22 average Net Transaction Loss is of 1%. It remains well managed and in line with expectations, with the average ratio improving 40bps compared to  2H 2021.

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