OpenPayd and Titan
Acquisition Corp have entered into a definitive business combination agreement,
the companies said today (Monday). Under the deal, OpenPayd is expected to
become a publicly listed company on Nasdaq and will trade under the ticker “OP”
following completion.
OpenPayd provides
embedded finance infrastructure spanning FX, domestic and cross-border
payments, open banking, and stablecoin on- and off-ramps. Its client base includes
firms such as eToro, Kraken, OKX, and B2C2.
OpenPayd Expands Across 180 Countries
The company operates a
financial infrastructure platform focused on programmable money movement,
connecting traditional financial systems with digital asset networks.
Through a
single API, it enables businesses to access global accounts, real-time payments,
and trading capabilities across multiple jurisdictions and payment rails.
OpenPayd said it
serves more than 1,100 customers across 180 countries and maintains regulatory
presence in the United States, the United Kingdom, the European Economic Area,
Canada, and South Africa.
Deal Awaits Approvals, Closes in 2026
Upon closing, the
company is expected to receive up to $276 million in gross proceeds from
Titan’s trust account, assuming no redemptions by public shareholders. The
proceeds are intended to strengthen its balance sheet and support expansion,
particularly in the United States, alongside investments in technology,
compliance, and licensing.
OpenPayd reported more
than $85 million in annualised recurring revenue as of March 2026 and processes
over $240 billion in annualised transaction volume.
Founder Ozan Ozerk
said OpenPayd is building infrastructure “connecting traditional financial
rails with programmable, blockchain-native networks”.
The transaction has
been unanimously approved by both boards and is expected to close in the fourth
quarter of 2026, subject to regulatory and shareholder approvals. Further
filings will be made with the U.S. Securities and Exchange Commission.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
