OpenPayd Targets Nasdaq Listing to Fund U.S. Expansion
- OpenPayd aims for a Nasdaq listing by year-end to support its U.S. expansion plans.
- The company has secured 43 state money transmitter licenses in the U.S.
- OpenPayd reported $73 million in revenue for the year ending April, up from $57 million the previous year.
- The firm recorded a net loss of $2.8 million and an EBITDA of $13 million for the latest financial period.
- OpenPayd has integrated with Circle Payments Network for enhanced cross-border payment capabilities.
The planned Nasdaq listing is crucial for OpenPayd as it prepares to launch services in the U.S. by April, leveraging its extensive licensing and partnerships with major players like Kraken and OKX.
With revenue growth from $57 million to $73 million, OpenPayd is positioning itself strongly in the market as it seeks to expand its operations significantly in the United States.(Source)
