London-based fintech firm OpenPayd just cleared a major hurdle. The financial plumbing provider reported that its annualised revenue run rate hit $107 million in October 2026. Momentum has be
London-based fintech firm OpenPayd just cleared a major hurdle. The financial plumbing provider reported that its annualised revenue run rate hit $107 million in October 2026. Momentum has been building across both sides of its balance sheet: traditional bank rails and digital assets. First-half revenue for its 2027 fiscal year reached $47.5 million, anchored by a second quarter that brought in $25.4 million, representing a 44% jump over the previous year.
Founded in 2018 by Dr. Ozan Ozerk, the company built its name handling the messy plumbing of global corporate money: embedded accounts, foreign exchange spreads, domestic clearing, international wire transfers, and open banking. But these latest figures point to a structural shift in how institutional money actually moves.
OpenPayd rolled out its dedicated stablecoin orchestration layer back in May 2025. The core premise was simple: give corporate treasuries and trading desks a single API to hop back and forth between conventional bank reserves and tokenized cash on public blockchains.
The strategy paid off fast. Over the first half of the financial year, stablecoin infrastructure drove 30% of the company's total banking and payments revenue growth, while established fiat rails accounted for the remaining 70%. Stablecoin-specific receipts surged from $500,000 to $3.9 million compared to the same stretch a year earlier. While that spike reflects early expansion off a modest baseline, it highlights genuine market appetite. Rather than forcing clients to pick between conventional clearing systems and crypto settlement networks, the platform supports both side by side.
Chief Executive Officer Iana Dimitrova pointed out that businesses no longer want to bet on a single winning payment format. They want shared plumbing that can shift funds across whichever track makes practical sense for each specific transfer.
New business is flowing in through those same crypto-enabled doors. Clients who joined OpenPayd during the first half of the current fiscal year generated 34% of the overall top-line increase across banking and payments. Within that incoming class of customers, stablecoin capabilities accounted for nearly a third of all revenue generated.
The broader metrics back up the momentum:
Client Volume: More than 1,260 corporate accounts currently operate on the network.
Annualized Flow: Payment and transaction throughput now exceeds $360 billion on a run-rate basis.
Platform Balances: Corporate customer funds held across system accounts have climbed past $1 billion.
Key Partners: Client rosters include high-volume platforms like Kraken, OKX, eToro, and institutional liquidity provider B2C2.
Headlines aside, corporate filings show that the $107 million figure comes with important asterisks.
The metric represents an annualized run rate rather than predictable, locked-in subscription income. OpenPayd calculated it by multiplying its October 2026 revenue by 12, assuming transaction volumes and market fees stay flat. The total pools together several fluctuating revenue streams: transaction charges, dynamic currency exchange margins, setup fees, operational line items, and interest yielded on client balances.
Because OpenPayd operates on a May-to-April fiscal year, these figures reflect an interim, unaudited half-year checkup translated from Euros at an exchange rate of $1.16 per euro. A large chunk of that top line hinges directly on monthly trading activity and broad interest rate movements.
The timing of this disclosure is hardly coincidental. OpenPayd announced an agreement on June 1, 2026, to merge with Titan Acquisition Corp, a special purpose acquisition vehicle that had completed its initial public offering in April 2025. If the business combination survives standard regulatory reviews and shareholder votes, it will land OpenPayd directly on the Nasdaq Stock Exchange.
Public markets are notoriously rigorous when evaluating SPAC listings and payment tech valuations. By demonstrating that its legacy fiat engine can steadily spin off cash while its blockchain routing brings in fresh, high-growth customer cohorts, OpenPayd is working to prove that its universal API model can maintain durable margins under public scrutiny.
