OPY.com: bankruptcy, Australian firm OpenPay drops LLL.com

Opy.com is the youngest known three-letter (LLL) .com domain name in the world; with a registration date of 10 March 2024, it was registered by DropCatch, a drop capture service, and is currently up for auction.

Opy.com has thus lost its original 21 December 1996 registration date.

The cause of Opy.com's decline is unknown, so we set out to find out.

Looking at the minimal WHOIS records, it appears that the domain was acquired on or around 12 January 2021 by Australian fintech startup Openpay Pty Ltd.

The Australian company operates through the domain name OpenPay.com.au, using Opy.com as an acronym and shortcut. The landing page reveals the sad fact that the company no longer exists and its assets have been taken over.

Updated on 28 June 2023 to include links to information about investors and customers.

The message reads:

"Defunct "buy now, pay later" business Openpay went into voluntary liquidation late last week after failed attempts to sell or recapitalise the business.

Openpay, which entered receivership in February, reportedly owes more than $66.1 million to creditors, $4.1 million to employees for unpaid leave and wages, and has just $1.2 million in cash in the bank."