London-based financial infrastructure provider OpenPayd reached a $107 million annualized revenue run rate in October 2026, driven by growth across its traditional fiat payments business and expanding stablecoin operations.

The company reported $25.4 million in revenue for the second quarter of its FY27 financial year, representing a 44% increase year-on-year. Revenue for the first half of the financial year, covering May through October 2026, reached $47.5 million.

Stablecoin orchestration accounted for 30% of the growth in first-half banking and payments revenue, excluding interest income, while traditional fiat infrastructure contributed the remaining 70%.

Stablecoin Revenue Sees Rapid Growth

OpenPayd's stablecoin orchestration revenue increased from $500,000 to $3.9 million year-on-year during the first half of FY27, nearly an eightfold increase from a relatively small base.

The company launched its stablecoin infrastructure in May 2025, enabling businesses to move funds between traditional currencies and digital assets through a unified platform.

The expansion comes as demand grows for financial infrastructure that connects conventional banking systems with blockchain-based payment networks.

Stablecoin services have also become an important driver of customer acquisition for OpenPayd. Customers onboarded during FY27 accounted for 34% of first-half banking and payments revenue growth, with stablecoin orchestration representing 32% of revenue generated by those new customers.

"Passing $100 million in annualised revenue run rate is an important milestone for OpenPayd," said Iana Dimitrova, the company's CEO. "What's particularly significant is where that growth is coming from – continued expansion across our fiat business, alongside a meaningful contribution from stablecoin orchestration."

Dimitrova emphasized the importance of interoperability between traditional and blockchain-based financial systems, arguing that businesses increasingly require access to both rather than having to choose between competing payment rails.

Transaction Volume Exceeds $360 Billion Annualized

As of October 2026, OpenPayd served more than 1,260 corporate clients and processed over $360 billion in annualized transaction volume, with client balances exceeding $1 billion.

Founded in 2018 by Dr. Ozan Ozerk, the company provides financial infrastructure to businesses including Kraken, OKX, eToro and B2C2. Its platform combines embedded banking accounts, foreign exchange, domestic and international payments, Open Banking and stablecoin on- and off-ramps through a single API.

The company's latest results highlight the growing commercial role of stablecoin infrastructure alongside established payment services, as businesses seek ways to move funds between fiat currencies and digital assets.

OpenPayd's reported $107 million annualized revenue figure is calculated by multiplying October's recognized revenue by twelve. Unlike traditional contract-based annual recurring revenue, the metric includes transaction fees, foreign exchange margins, interest income and other activity-dependent revenue streams. It therefore represents a current revenue run rate rather than revenue earned over a full year or a forecast.

The company's interim financial results are unaudited.