OpenPayd, a financial infrastructure provider bridging traditional finance and digital assets, has reached $107 million in annual recurring revenue (ARR) after posting 44% year-on-year revenue growth in the second quarter of its FY27 financial year. The milestone reflects continued expansion across the company's fiat banking and payments infrastructure, alongside rising demand for its stablecoin orchestration services.

The company reported Q2 revenue of $25.4 million, bringing first-half revenue for the six months ended October 2026 to $47.5 million. The figures underscore the growing contribution of stablecoin infrastructure to OpenPayd's overall business.

Stablecoin Orchestration Takes a Larger Share of Growth

OpenPayd's established fiat infrastructure remains the backbone of its expansion, accounting for 70% of first-half banking and payments revenue growth. Stablecoin orchestration contributed the remaining 30%, a sign of the increasing weight digital asset infrastructure now carries in the company's business model.

The stablecoin offering, launched in May 2025, extends OpenPayd's platform onto blockchain rails, allowing businesses to move between fiat currencies and digital assets through a single infrastructure layer. As the service entered its second year of operation, revenue from stablecoin orchestration climbed from $0.5 million to $3.9 million year-on-year during the first half of FY27 — an almost eightfold increase that offers a concrete illustration of how quickly stablecoin rails can grow into a material revenue line for an established fiat infrastructure provider.

New Customers and Existing Clients Fuel Expansion

Growth has been driven from both sides of OpenPayd's customer base: existing clients deepening their use of the platform and new businesses joining its network. Customers onboarded during FY27 accounted for 34% of first-half banking and payments revenue growth, and stablecoin orchestration represented 32% of the revenue generated by this new-customer group, highlighting its role in attracting businesses to the platform.

As of October 2026, OpenPayd served more than 1,260 corporate clients and processed over $360 billion in annualised transaction volume, while client balances held on the platform exceeded $1 billion. The company works with global brands including eToro, Kraken, OKX, and B2C2. That client mix — spanning multi-asset retail trading, cryptocurrency exchange operations, and digital asset market-making — reflects the two-sided demand the company's interoperability argument is built for, with businesses rooted in traditional trading and digital assets alike needing to move money across both systems.

Building Interoperability Between Fiat and Digital Assets

Commenting on the results, Iana Dimitrova, Chief Executive Officer at OpenPayd, emphasized the importance of supporting both traditional financial infrastructure and stablecoin-based payment solutions. According to Dimitrova, businesses should not have to choose between fiat and digital asset payment rails; instead, they need interoperable infrastructure that allows them to move and manage money across both systems, selecting the most appropriate option for each transaction. She noted that the latest results reflect this approach, with existing clients increasing their activity on the platform while new customers continue to join.

Expansion and a Proposed Nasdaq Listing

The results come as OpenPayd continues to broaden its position in the financial infrastructure market. On June 1, 2026, the company announced a proposed business combination with Titan Acquisition Corp., which is expected to result in OpenPayd becoming a publicly traded company listed on the Nasdaq Stock Exchange. Going public through a business combination with an already-listed acquisition company is an established alternative to a traditional IPO, and the deal remains at the proposed stage; completion of the transaction, second-half FY27 results, and any audited disclosures are the milestones that will add context to the $107 million annualised snapshot.

Founded in 2018 by Dr Ozan Ozerk, OpenPayd provides embedded accounts, foreign exchange, domestic and international payments, Open Banking services, and stablecoin on- and off-ramps through a single API. With fiat infrastructure continuing to generate growth and stablecoin orchestration becoming an increasingly significant part of its business, OpenPayd is deepening its role in connecting traditional financial systems with the digital asset economy.

Note: OpenPayd's reported $107 million ARR is calculated by multiplying revenue recognised in October 2026 by twelve. It includes variable revenue streams and is a supplemental operational metric, not a measure of revenue earned over a completed twelve-month period or a forecast of future revenue. The interim financial figures are unaudited.

This article first appeared on Metaverse Post.