OpenPayd

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).

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

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

• Banking-as-a-service platform
• Payment infrastructure
• Stablecoin on-ramp
• Virtual IBAN accounts
• Embedded finance APIs

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Core 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

Named customers14 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core, minor and key.

• DectacoreTechnology or Integration · 12 August 2026Payments 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.
• FireblockscoreTechnology or Integration · 24 July 2026OpenPayd 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.
• RedotPaycoreTechnology or Integration · 30 June 2026RedotPay, 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.IOcoreTechnology or Integration · 23 April 2026CEX.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.
• HercleminorStrategic or Co-development Partner · 5 March 2026Hercle partnered with OpenPayd in the embedded finance market, with the partnership expected to influence market trends and ecosystem development.
• Currency.comkeyTechnology or Integration · 3 November 2025Currency.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.
• GCEXkeyTechnology or Integration · 14 October 2025GCEX selected OpenPayd to support expansion efforts with global payment infrastructure capabilities.
• Fireblocks Network MemberscoreTechnology or Integration · 4 September 2025OpenPayd 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.
• WincentkeyTechnology or Integration · 7 April 2025Partnership 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 GroupkeyStrategic or Co-development PartnerPartnership with LMAX Group, a digital asset exchange regulated by the UK Financial Conduct Authority, for institutional-grade digital asset infrastructure.
• ArchaxkeyStrategic or Co-development PartnerPartnership with Archax, a digital asset exchange regulated by the UK Financial Conduct Authority, for institutional digital asset services.
• CirclekeyTechnology or IntegrationStrategic partnership with Circle, operator of USDC stablecoin, for stablecoin services supporting cross-border payments infrastructure.

Scale indicators9 records

Recent moves9 records

Expansion highlights7 records

Direct 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

• Xx.com/OpenPayd
• YouTubeyoutube.com/channel/UCuNsfZj-Mu6St7grX75oy8w
• LinkedInlinkedin.com/company/openpayd
• Instagraminstagram.com/lifeatopenpayd

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OpenPayd