OpenTrade, an innovative London-based financial technology startup, has successfully raised $7 million in a strategic funding round led by Notion Capital and Mercury Fund. This round also received backing from prominent investors, including a16z crypto, AlbionVC, and CMCC Global, bringing the company’s total funding to an impressive $11 million within a mere six months. This surge in investment reflects strong confidence among investors in OpenTrade’s mission to bring yield-bearing stablecoins to users in economically unstable regions.
Operating a cutting-edge “yield-as-a-service” platform, OpenTrade caters to fintech applications, exchanges, and neobanks. Notable clients such as Criptan in Spain and Littio in Colombia rely on OpenTrade’s backend solutions, enabling users to earn attractive interest rates—up to 9%—on USD and EUR holdings.
In countries experiencing economic turmoil, like Argentina and Colombia, access to dollar bank accounts is limited, and those that do exist yield virtually no interest. However, applications powered by OpenTrade empower users to earn significant returns directly from their mobile devices. For example, in Colombia, traditional banks may offer less than 0.4% APR on dollar deposits, while users of Littio can earn as much as 6%.
The company currently manages assets totaling $47 million and has processed nearly $200 million in transaction volume, showcasing a month-over-month growth rate of 20%. The recent influx of capital will enable OpenTrade to scale its operations and enhance its technological infrastructure.
Commenting on the significance of this investment, Samantha Lewis of Mercury Fund stated, “OpenTrade is building core financial infrastructure for the next generation of fintech.” Similarly, Itxaso del Palacio from Notion Capital emphasized that with stablecoins’ market capitalization reaching approximately $240 billion, OpenTrade’s infrastructure serves as a critical foundation for the financial technology sector.
