Thorn completes debtor finance receivables' sale to OptiPay


According to a press release, on 26 September 2023, Thorn Group Limited (Thorn) has announced that they signed an agreement with TIM Finance Pty Ltd trading as OptiPay (OptiPay), a leading Australian financial services company. Based on this agreement, Thorn agreed the sale of Thornmoney’s debtor finance receivables (portfolio sale) to OptiPay. However, not all receivables were sold, some were excluded from the sale. Thorn was retaining the unsold receivables and collect their proceeds in accordance with their applicable terms.


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Posted on Oct 26, 2023
Region: Australia
receivables finance
Thorn, OptiPay