OpenPayd
OpenPayd is a London-based B2B financial infrastructure provider offering a rails-agnostic API platform that unifies fiat payments, multi-currency accounts, FX, and regulated stablecoin services for cryptocurrency exchanges, fintechs, and embedded finance platforms globally.
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What OpenPayd does
OpenPayd is a London-headquartered B2B financial infrastructure provider founded in 2015 that delivers a rails-agnostic API platform unifying traditional fiat payment infrastructure with regulated digital asset capabilities. The company's stack combines virtual IBAN issuance with automated reconciliation, multi-currency accounts spanning 35+ currencies, foreign exchange at wholesale rates, payment orchestration across SEPA, SEPA Instant, Faster Payments, SWIFT, CHAPS, and BACS rails, plus stablecoin on/off-ramping via blockchain networks. Products are organized into three categories: Payments (Accept Payments, Send Payments, Open Banking, Stablecoins), Accounts (Virtual IBANs, Banking-as-a-Service, Corporate Accounts, Pooled Accounts, Multi-Currency Accounts), and Trading (Foreign Exchange, On/Off Ramp). Target customers include cryptocurrency exchanges, fintech platforms, forex brokerages, remittance operators, marketplaces, payroll providers, and embedded finance platforms, with named enterprise clients including Kraken, Bitfinex, OKX, eToro, B2C2, CEX.IO, Ripple, Wirex, Caxton, and Wincent.
The business operates through a multi-entity regulated structure anchored by FCA authorization as an Electronic Money Institution in the UK (FRN 900483), MFSA Financial Institution and VFA Service Provider licenses in Malta, MiCA CASP authorization for EEA-wide passporting, and FIN-TRAC Money Services Business registration in Canada. Revenue is generated primarily through transaction fees on payment processing, FX conversion, and stablecoin on/off-ramping, supplemented by recurring fees for account services and virtual IBANs. Pricing is quote-based and tailored to enterprise transaction volumes, distributed through a self-serve developer motion (sandbox, API documentation) combined with enterprise field sales, plus network distribution via Fireblocks.
OpenPayd reports processing $280 billion+ in annualized payment volume across 1,200+ business clients in 180 countries with 99.99% platform uptime, generating over $85 million in annualized recurring revenue as of March 2026. The company is pursuing a Nasdaq listing via SPAC merger with Titan Acquisition Corp at a $1.145 billion pro forma equity valuation, with gross proceeds of up to $276 million earmarked for US expansion and regulatory buildout. Geographic operations extend from London and Malta headquarters to offices in France, Canada, Turkey (engineering), Bulgaria (engineering), Singapore, Brazil, Hong Kong, and the US (Delaware).
OpenPayd firmographics
Firmographics- Name
- OpenPayd
- Legal name
- SettleGo Solutions Limited
- Website
- https://openpayd.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- OpenPayd is a London-based B2B financial infrastructure provider offering a rails-agnostic API platform that unifies fiat payments, multi-currency accounts, FX, and regulated stablecoin services for cryptocurrency exchanges, fintechs, and embedded finance platforms globally.
- Ownership category
- akta.pro rank
OpenPayd industry classification
Industry- Product category
- Banking-as-a-Service Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Open Banking APIs & Connectivity (FSAMAFAA)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where OpenPayd is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices10 records
Markets served
OpenPayd business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing and Transaction Fees: Revenue generated from processing domestic and international payments across multiple rails including SEPA, Faster Payments, SWIFT, and stablecoin networks. Transaction fees are applied per payment with volume-based pricing potentially available for enterprise clients.
- Multi-Currency and FX Services: Revenue from foreign exchange services with transparent markup from mid-market wholesale rates. Businesses access wholesale FX pricing through OpenPayd's banking partnerships with guaranteed rates at point of purchase.
- Virtual IBAN and Account Services: Revenue from providing virtual IBAN infrastructure, pooled accounts, and multi-currency account management capabilities to businesses requiring payment reconciliation and treasury management solutions.
- Stablecoin and Digital Asset Services: Revenue from fiat-to-stablecoin on/off-ramping, stablecoin wallet services, and blockchain settlement capabilities enabled by MiCA authorization across the EEA.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
OpenPayd product offering
Product offeringCore offering
OpenPayd provides a unified, rails-agnostic financial infrastructure platform delivered through a single REST API that enables businesses to embed accounts, payments, foreign exchange, and stablecoin services into their products. The platform combines traditional banking rails (SEPA, SEPA Instant, CHAPS, BACS, Faster Payments, SWIFT) with blockchain and stablecoin networks, supporting 35+ currencies across 180+ countries. Businesses use OpenPayd's infrastructure to launch banking and payment services without obtaining their own financial licenses, with capabilities including unlimited virtual IBAN issuance, multi-currency accounts, wholesale FX, and regulated fiat-to-stablecoin on/off-ramping.
Product overview
OpenPayd offers a unified financial infrastructure platform for embedded finance, combining traditional finance and digital assets under one API. The product portfolio is organized into three main categories: PAYMENTS (Accept Payments, Send Payments, Open Banking, Stablecoins), ACCOUNTS (Virtual IBANs, Banking-as-a-Service, Corporate Accounts, Pooled Accounts, Multi-Currency Accounts), and TRADING (Foreign Exchange, On/Off Ramp). The rails-agnostic infrastructure enables global businesses to launch financial services with full interoperability between fiat and digital asset rails, supporting payments, accounts, and trading solutions for the digital economy.
Differentiator
Problem solved
Functional benefit
Products and services
- Accept Payments Enables businesses to receive payments globally across every major currency into virtual IBANs using rails-agnostic infrastructure combining traditional finance and blockchain technology.
- Send Payments Facilitates domestic and cross-border payments through global banking infrastructure including SEPA, SEPA Instant, CHAPS, BACS, Faster Payments, SWIFT, and blockchain rails for stablecoin transactions.
- Open Banking Provides pay-by-bank payment functionality through partnerships with Open Banking providers, enabling real-time account-to-account payments with higher conversion rates and lower operational costs compared to traditional card payments.
- Stablecoins Enables businesses to receive, hold, convert, and send stablecoins globally with instant on/off ramps, embedded accounts, and global payments network integration. MiCA-compliant infrastructure for European operations.
- Virtual IBANs Allows businesses to allocate unlimited virtual IBANs to customers for automated payment reconciliation and streamlined operations, eliminating manual reference number matching.
- Banking-as-a-Service Provides embedded banking and payment services enabling businesses to embed financial functionality into their products via API without obtaining their own financial licenses.
- Corporate Accounts Comprehensive account management solution for businesses to manage all spending, finances, and operational funds in one place.
- Pooled Accounts Enables segregation of accounts to power businesses with better infrastructure and treasury management capabilities.
- Multi-Currency Accounts Provides accounts in all major currencies enabling businesses to operate globally with 35+ supported currencies within a single account, including integrated FX capabilities and transparent wholesale exchange rates.
- Foreign Exchange Enterprise-level FX management solution for converting currencies with transparent upfront rates and wholesale market access through banking partnerships.
- On/Off Ramp Facilitates seamless movement between fiat and digital assets with compliant conversion services bridging traditional finance and digital asset economies.
Quantifiable outcome
- $280 billion+ annualised payment volume processed across 1,200+ clients globally
- +3 more outcomes
Companies that use OpenPayd
Customer profileNamed customers14 records
Segments7 records
Ideal customer profiles5 records
OpenPayd technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature6 records
OpenPayd partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, minor and key.
- DectacorePayments technology firm DECTA partnered with OpenPayd to upgrade cross-border treasury processes using regulated stablecoin tools. The collaboration enhances operational efficiency, liquidity handling, and settlement speed for DECTA's internal proprietary treasury functions across international markets, converting fiat into USDC for settlements in 32 countries.
- FireblockscoreOpenPayd joined Fireblocks Network for Payments as the first provider to go live on the network in the UK and Europe. The integration connects 2,400+ Fireblocks network participants to OpenPayd's global fiat infrastructure through Fireblocks Console or API, providing immediate access to GBP, EUR, and USD with up to 60 currencies across 100+ countries. The partnership incorporates Fireblocks' security controls including Travel Rule compliance and wallet verification.
- RedotPaycoreRedotPay, a stablecoin payments FinTech, selected OpenPayd as financial infrastructure partner to support faster cross-border remittances, multi-currency payments, and treasury operations as it expands internationally. The integration enables RedotPay customers to move seamlessly between local currencies and digital assets while optimizing liquidity management.
- CEX.IOcoreCEX.IO partnered with OpenPayd to overhaul payment infrastructure enabling multi-currency accounts in EUR, GBP, and USD along with integrated FX capabilities and near real-time settlement via SEPA for cryptocurrency exchange operations. The integration supports CEX.IO's institutional growth strategy including CEX.IO Prime suite for hedge funds and family offices.
- HercleminorHercle partnered with OpenPayd in the embedded finance market, with the partnership expected to influence market trends and ecosystem development.
- Currency.comkeyCurrency.com partnered with OpenPayd to enhance foreign exchange and multi-currency payment services across Europe and other markets, streamlining transactions and supporting global expansion efforts.
- GCEXkeyGCEX selected OpenPayd to support expansion efforts with global payment infrastructure capabilities.
- Fireblocks Network MemberscoreOpenPayd joined the Fireblocks Network for Payments as one of 40+ integrated providers alongside Bridge, Yellow Card, and Circle, enabling stablecoin payments across 100+ countries by unifying local payment rails, blockchains, and stablecoin systems. Fireblocks reports over $10 trillion in digital asset transfers settled securely to date.
- WincentkeyPartnership with Wincent, a cryptocurrency market maker and OTC liquidity provider, enhances global fiat payment capabilities for institutional clients. Wincent gains access to OpenPayd's real-time banking and payments network connecting to an ecosystem of 200+ digital asset businesses for instant money movement.
- LMAX GroupkeyPartnership with LMAX Group, a digital asset exchange regulated by the UK Financial Conduct Authority, for institutional-grade digital asset infrastructure.
- ArchaxkeyPartnership with Archax, a digital asset exchange regulated by the UK Financial Conduct Authority, for institutional digital asset services.
- CirclekeyStrategic partnership with Circle, operator of USDC stablecoin, for stablecoin services supporting cross-border payments infrastructure.
Scale indicators9 records
Recent moves9 records
Expansion highlights7 records
OpenPayd competitors and assessment
Company assessmentDirect peers
- Circle: Circle is the issuer of USDC and operates regulated payment and treasury infrastructure bridging fiat and stablecoins. It is OpenPayd's most direct peer and partner, with overlapping fiat–stablecoin on/off-ramp and multi-currency account capabilities for digital-asset businesses.
- ClearBank: ClearBank is a UK-based clearing and embedded banking platform serving fintechs and crypto businesses with multi-currency accounts, virtual accounts, and payment rails. It competes head-to-head with OpenPayd in regulated BaaS for UK and European fintech and digital-asset clients.
- Banking Circle: Banking Circle is a Luxembourg-based payments bank providing multi-currency accounts, FX, and cross-border payment rails to fintechs, FX brokers, and crypto businesses. Its regulated payment infrastructure and target verticals directly overlap OpenPayd's core offerings.
- Modulr: Modulr is a UK EMI providing embedded payments and accounts-as-a-service to fintechs and platforms, including digital-asset businesses. It competes with OpenPayd on virtual accounts, payment initiation, and BaaS for enterprise platforms.
- Treezor: Treezor is a French EMI and BaaS provider offering regulated payment accounts, IBANs, and crypto-asset-related services to fintechs and digital-asset platforms across Europe. It is comparable to OpenPayd on its regulated BaaS and crypto-friendly account infrastructure.
- Solaris SE: Solaris is a German banking-as-a-service platform providing regulated accounts, cards, payments, and crypto services across Europe via API. It is one of OpenPayd's closest comparables on regulated embedded banking and digital-asset-enabled accounts in the EEA.
Emerging players
- Fireblocks: Fireblocks operates a digital-asset custody and payments network connecting 2,400+ institutions. It is both a partner and an adjacent competitor, enabling OpenPayd's distribution but also providing competing stablecoin-payment rails and on/off-ramp infrastructure.
- Bridge (Stripe-owned): Bridge is a stablecoin-API platform acquired by Stripe that offers fiat–stablecoin on/off-ramps and programmable payments. It competes directly with OpenPayd's stablecoin rails and is also a peer provider on the Fireblocks Network.
- Yellow Card: Yellow Card is an Africa-focused stablecoin payments and on/off-ramp provider integrated into the Fireblocks Network. It overlaps with OpenPayd on cross-border stablecoin payment rails, particularly for emerging-market remittance corridors.
Broad incumbents
- Adyen: Adyen is a global payments platform serving large enterprises with unified acquiring, payouts, and FX across 35+ currencies. It competes with OpenPayd at the upper end of enterprise multi-currency payments, though it does not focus on crypto or stablecoin rails.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
OpenPayd social profiles
Digital presenceOpenPayd compliance and trust
Trust signalCompliance8 records
OpenPayd financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenPayd leadership team
Management profileNumber of profiles
Profiles4 records
OpenPayd subsidiaries and ownership
Company hierarchySubsidiaries13 records
OpenPayd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenPayd M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenPayd
What does OpenPayd do?
OpenPayd provides a unified, rails-agnostic financial infrastructure platform delivered through a single REST API that enables businesses to embed accounts, payments, foreign exchange, and stablecoin services into their products. The platform combines traditional banking rails (SEPA, SEPA Instant, CHAPS, BACS, Faster Payments, SWIFT) with blockchain and stablecoin networks, supporting 35+ currencies across 180+ countries. Businesses use OpenPayd's infrastructure to launch banking and payment services without obtaining their own financial licenses, with capabilities including unlimited virtual IBAN issuance, multi-currency accounts, wholesale FX, and regulated fiat-to-stablecoin on/off-ramping.
Is OpenPayd a public or private company?
OpenPayd is a private company. It is classified as venture growth investor backed and is currently operating.
When was OpenPayd founded?
OpenPayd was founded in 2015. It employs 101 to 250 people.
Where is OpenPayd based?
OpenPayd is headquartered in London, United Kingdom, in the Europe region.
How does OpenPayd make money?
Four revenue lines are on record. Payment Processing and Transaction Fees are the primary driver. The others are multi-Currency and FX Services, virtual IBAN and Account Services and stablecoin and Digital Asset Services.
Who are OpenPayd's main competitors?
Direct peers on record are Circle, ClearBank, Banking Circle, Modulr, Treezor and Solaris SE. Emerging players are Fireblocks, Bridge (Stripe-owned) and Yellow Card. Adyen is listed as a broad incumbent.
Does OpenPayd have an API?
Yes. OpenPayd offers a developer-friendly REST API that enables businesses to embed accounts, payments, FX, and stablecoin services into their products. The API provides access to virtual IBAN issuance, payment initiation and processing, multi-currency account management, foreign exchange, and stablecoin on/off-ramping. The company provides a sandbox testing environment for API integration. Developer documentation is at apidocs.openpayd.com.
What industry is OpenPayd in?
OpenPayd's product category is Banking-as-a-Service Infrastructure. Its primary akta.pro industry code is FSAMAFAA, Open Banking APIs & Connectivity, with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 52232 and its SIC code is 6199.