OpenPayd advances Nasdaq plans with Titan merger

By Milan Rojan

OpenPayd has entered into a definitive business combination agreement with Titan Acquisition Corp., a Nasdaq-listed special purpose acquisition company, in a transaction that would take the financial infrastructure provider public in the United States at a pro-forma equity valuation of $1.145 billion.

The London-headquartered company said the combined entity is expected to list on Nasdaq under the ticker symbol “OP” following the completion of the transaction, which was unanimously approved by the boards of both companies and is expected to close in the fourth quarter of 2026, subject to shareholder approval and customary closing conditions.

Iana Dimitrova, Chief Executive Officer of OpenPayd, said, “This transaction marks a significant milestone in our journey and reflects the scale of our platform, our regulatory strength, and our ability to deliver profitable growth at scale. As global financial infrastructure undergoes rapid transformation, OpenPayd has become a trusted partner for modern money movement, and we look forward to continuing to support our clients globally.

OpenPayd provides financial infrastructure that enables businesses to move and manage funds across traditional payment rails, blockchain networks and stablecoins through a single API. The company said it currently serves more than 1,100 customers across 180 countries, including eToro and Kraken.

Upon closing, OpenPayd expects to receive up to $276 million in gross proceeds from Titan’s trust account, assuming no shareholder redemptions. The company said the capital will be used to strengthen its balance sheet and support expansion of its financial infrastructure capabilities, particularly in the United States.

Frank Mastrangelo, Chairman and Chief Executive Officer of Titan Acquisition Corp., said, “We are thrilled to partner with OpenPayd, a high-growth, profitable and innovative financial infrastructure platform and an early mover in a massive marketplace.”

OpenPayd has reported more than $85 million in annualised recurring revenue as of March 2026 and has processed over $240 billion in annualised transaction volume.