“Can a single API deliver fiat multi-currency accounts, cross-border rails and stablecoin on/off-ramps to become the default embedded finance rail for crypto-native and global businesses?”
OpenPayd launched in 2018 as a BaaS platform offering accounts, virtual IBANs, FX and payment rails to businesses via a single API. In 2020 it made an early bet on serving crypto-native firms — a differentiator that landed clients like Bitfinex, OKX, B2C2 and eToro. It has since layered on Open Banking (2022) and stablecoin on/off-ramp services, positioning itself as a fiat-plus-crypto embedded finance rail operating across UK, EU, Canada and Malta.
OpenPayd discloses OpenPayd (in-house) and openpayd as its banking providers, according to the Embedded Finance Index 2026.
OpenPayd does not disclose a bank charter of its own; its banking services are provided through OpenPayd (in-house) and openpayd.
OpenPayd processes payments through OpenPayd (self-operated).
OpenPayd connects to bank accounts through TrueLayer and OpenPayd (self-operated).
OpenPayd uses OpenPayd (self-operated) for FX and cross-border payouts.
OpenPayd's payroll is powered by OpenPayd (self-operated).
OpenPayd's crypto products run on OpenPayd (self-operated) and OP Digital Services Limited (in-house).
The Embedded Finance Index 2026 maps 6 layers in OpenPayd's stack: Payments / PSP (OpenPayd (self-operated)); Banking / BaaS (OpenPayd (in-house) and openpayd); Payroll (OpenPayd (self-operated)); Open banking (TrueLayer and OpenPayd (self-operated)); FX & payouts (OpenPayd (self-operated)); Crypto (OpenPayd (self-operated) and OP Digital Services Limited (in-house)).
OpenPayd was founded by Ozan Özerk and is founded in 2018, headquartered in London, United Kingdom.
Get a read on where your own stack stands against OpenPayd and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.