About OpenPaydFounded in 2018 by Ozan Özerk, OpenPayd is a London-based fintech company offering Banking-as-a-Service (BaaS) solutions. Under the leadership of CEO Iana Dimitrova, the company provides a comprehensive suite of financial services through a single API, including payment infrastructure, virtual IBANs, and foreign exchange services. OpenPayd operates across multiple countries, including the UK, US, Canada, Malta, Bulgaria, Turkey, and France.:contentReference[oaicite:12]{index=12}
Exclusive Interview with Iana Dimitrova
Q1: Can you tell us about OpenPayd’s core offerings?
A: OpenPayd provides a modular BaaS platform that allows businesses to access services like virtual IBANs, real-time payments, FX, and compliance tools through a single API. Our goal is to empower businesses to embed financial services into their products efficiently.
Q2: How does OpenPayd differentiate itself from competitors?
A: Our flexibility and modular approach set us apart. Clients can select specific services they need without unnecessary add-ons. Additionally, our global licensing network ensures compliance across various jurisdictions.
Q3: What industries do you primarily serve?
A: We cater to a diverse range of industries, including fintechs, marketplaces, digital asset platforms, and remittance companies. Our solutions are designed to be industry-agnostic, providing value across sectors.
Q4: How has OpenPayd adapted to the evolving fintech landscape?
A: We’ve continuously evolved by integrating new technologies and expanding our service offerings. For instance, we’ve embraced open banking and enhanced our API capabilities to meet the growing demand for embedded finance.
Q5: Can you share insights into OpenPayd’s growth and expansion plans?
A: We’re focused on expanding our presence in North America and Asia, building strategic partnerships, and enhancing our product suite to meet the needs of a global clientele.
Q6: How do you ensure compliance across different regions?
A: Compliance is integral to our operations. We maintain a robust compliance framework and work closely with regulators to ensure our services meet regional requirements.
Q7: What role does technology play in your service delivery?
A: Technology is at the heart of OpenPayd. Our platform is built on scalable, secure infrastructure, enabling us to offer reliable and efficient services to our clients.
Q8: How do you approach customer support and service?
A: We prioritize customer success by providing dedicated support teams and resources to assist clients throughout their journey with us.
Q9: What challenges have you faced in the fintech industry?
A: Navigating regulatory complexities and maintaining agility in a rapidly changing market are ongoing challenges. However, our experienced team and adaptive strategies have allowed us to overcome these hurdles.
Q10: How do you see the future of embedded finance?
A: Embedded finance is poised to become ubiquitous, with financial services seamlessly integrated into various platforms. We aim to be at the forefront of this transformation, enabling businesses to offer financial services effortlessly.
OpenPayd’s Services
- Virtual IBANs
- Real-time payments
- Foreign exchange services
- Compliance and risk management tools
- API integration
Competitor Landscape
OpenPayd operates in a competitive fintech environment, with key players including:
- Bankable: Offers modular banking services and payment solutions.
- Railsbank: Provides open banking and compliance solutions.
- Solarisbank: Delivers digital banking and BaaS platforms.
- Treezor: Specializes in payment and e-money services.
Frequently Asked Questions (FAQ)
Q: Is OpenPayd suitable for startups?
A: Yes, OpenPayd’s modular services are ideal for startups looking to integrate financial services without building infrastructure from scratch.
Q: How secure is OpenPayd’s platform?
A: Security is paramount. We employ advanced encryption and security protocols to protect client data and transactions.
Q: Can OpenPayd support international transactions?
A: Absolutely. Our platform is designed to handle cross-border payments efficiently.
Related Searches
- Banking-as-a-Service providers in Europe
- Top fintech companies 2025
- Embedded finance solutions
- Open banking platforms
For more information, visit OpenPayd’s official website.
