About OpenPayd
OpenPayd is a company based in London (United Kingdom) founded in 2015.. OpenPayd has raised $25 million across 1 funding round from investors including Railsr. OpenPayd has completed 1 acquisition, including Axis Bank UK. OpenPayd offers products and services including OpenPayd API, Virtual IBANs, and Foreign Exchange. OpenPayd operates in a competitive market with competitors including Zeta, MoonPay, Tink, TrueLayer and Banked, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Openpayd Holdings Limited
- Date of Incorporation 12 Sep, 2018
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Aug 09, 2024
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of OpenPayd
OpenPayd offers a comprehensive portfolio of products and services, including OpenPayd API, Virtual IBANs, and Foreign Exchange. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for integrating banking and payments services securely
Service for issuing and managing virtual bank accounts globally
Tool for automating real-time foreign exchange transactions
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Funding Insights of OpenPayd
OpenPayd has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $25.0M
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First Round
First Round
(09 Aug 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - OpenPayd | Valuation | Railsr |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenPayd
OpenPayd has secured backing from 1 investor. Prominent investors backing the company include Railsr. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Embedded finance platforms are provided for seamless business integrations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenPayd
OpenPayd has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Axis Bank UK. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial bank
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OpenPayd
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openpayd Comparisons
Competitors of OpenPayd
OpenPayd operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, MoonPay, Tink, TrueLayer and Banked, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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Cryptocurrencies and NFTs are traded through an online platform.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Provider of open banking API solutions for payment institutions
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| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
SaaS-based financial software is provided for digital businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openpayd
Frequently Asked Questions about OpenPayd
When was OpenPayd founded?
OpenPayd was founded in 2015 and raised its 1st funding round 9 years after it was founded.
Where is OpenPayd located?
OpenPayd is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is OpenPayd a funded company?
OpenPayd is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Aug 09, 2024.
What does OpenPayd do?
OpenPayd was founded in 2015 in London, United Kingdom, and operates within the fintech sector. Businesses, including financial and non-financial institutions, are granted access to banking and payment services via a single API. These encompass IBANs, open banking, e-money accounts, FX conversion, local and international payments, card processing, and debit cards. Operations are supported by a global network of licenses.
What products or services does OpenPayd offer?
OpenPayd offers OpenPayd API, Virtual IBANs, and Foreign Exchange.
How many acquisitions has OpenPayd made?
OpenPayd has made 1 acquisition, including Axis Bank UK.
Who are OpenPayd's investors?
OpenPayd has 1 investor. Key investors include Railsr.