Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 6 hours
Top Stories
- OpenPayd Reaches 107 Million Dollars in Annual Recurring Revenue
Financial infrastructure provider OpenPayd achieved annual recurring revenue of 107 million dollars in October. The milestone followed 44 percent year over year revenue growth to 25.4 million dollars in the second quarter of fiscal year 2027, driven by demand for its fiat and stablecoin infrastructure.
- BitGo Third Quarter Revenue Declines 51 Percent to 2.85 Billion Dollars
BitGo reported revenue of 2.85 billion dollars for the third quarter ended September 30, down 51 percent from 5.81 billion dollars a year earlier. The decline was attributed to weaker cryptocurrency trading and lower margin stablecoin transactions, while a 71.5 million dollar unrealized gain on digital asset holdings boosted net income.
Since the last briefing
- · 2 new major stories
- · Crypto is now the most-covered topic