OpenPayd, a financial infrastructure platform focused on programmable money movement across traditional finance and digital assets, announced that it has entered into a definitive business combination agreement with special purpose acquisition company Titan Acquisition Corp. The transaction will take OpenPayd public on the Nasdaq under the ticker symbol “OP” and values the company at a pro-forma equity value of approximately $1.145 billion.
Based in London, OpenPayd operates a financial infrastructure platform that enables businesses to move and manage money across fiat payment rails, blockchain networks, and stablecoins through a single API. The company serves more than 1,100 customers in 180 countries, including major clients such as 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 plans to use the capital to strengthen its balance sheet, expand its financial infrastructure capabilities, accelerate growth in the United States, and enhance its product offerings, regulatory compliance, and licensing footprint.
OpenPayd currently maintains regulatory coverage across the United States, United Kingdom, European Economic Area, Canada, and South Africa. The platform integrates with global payment networks, banking partners, and stablecoin issuers, enabling customers to orchestrate money movement across multiple markets and asset classes through a single infrastructure layer.
As of March 2026, OpenPayd reported more than $85 million in annualized recurring revenue and processes over $240 billion in annualized transaction volume. The company believes it is well-positioned to capitalize on increasing demand for integrated fiat and stablecoin payment infrastructure as digital assets become more widely adopted by institutions.
The transaction has been unanimously approved by the boards of both OpenPayd and Titan Acquisition Corp. and is expected to close during the fourth quarter of 2026, subject to shareholder approval and customary closing conditions.
KEY QUOTES:
“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.”
Iana Dimitrova, Chief Executive Officer, OpenPayd
“We believe the next decade of finance will not be defined by faster cards or cheaper wires, it will be defined by money that moves on its own. Autonomous agents are already making decisions; the infrastructure beneath them must keep pace. OpenPayd exists to be that infrastructure, the operating system connecting traditional financial rails with programmable, blockchain-native networks, so that intelligent systems can transact as fluently as humans do today. We have spent years building toward this convergence. We believe going public can give us the capital and the mandate to own it.”
Ozan Ozerk, Founder, OpenPayd
“We are thrilled to partner with OpenPayd, a high-growth, profitable and innovative financial infrastructure platform and an early mover in a massive marketplace. We believe the growing institutional adoption of digital assets, increasingly pro-innovation regulatory frameworks, and rising demand for integrated fiat-to-digital infrastructure, underscored by recent signals from the U.S. Federal Reserve and mainstream financial institutions, position OpenPayd for long-term success. As what we believe to be, the first publicly traded, pure-play global payments infrastructure platform at the intersection of traditional finance and digital assets, we believe OpenPayd has an opportunity to define this category and play an integral role in the future of payments.”
Frank Mastrangelo, Chairman & Chief Executive Officer, Titan Acquisition Corp.
