OpenPayd Strengthens US Presence With 43 State Money Transmitter Licences

TL;DR

• OpenPayd integrated MSB USA Inc., bringing 43 state money transmitter licences under its umbrella and expanding its regulated U.S. operating footprint.
• The company reported annual recurring revenue above $96 million and annualized transaction volume above $300 billion, while serving more than 1,200 clients.
• OpenPayd also plans a Nasdaq listing through its merger with Titan Acquisition Corp., valuing the company at up to $1.145 billion pending shareholder approval and closing conditions.

OpenPayd has expanded its U.S. regulatory footprint by integrating MSB USA Inc. into its group, bringing 43 state money transmitter licences under one umbrella. The London-based financial infrastructure provider said the move broadens its operating base across North America after the required approvals were secured. The central development is that OpenPayd now has regulated foundations spanning the U.S., U.K. and Europe across both fiat and digital assets. The company says the expanded licence network will help global clients already operating in the United States or planning to enter the market over the coming years.

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