OpenPayd, a financial technology company building the infrastructure layer of the digital economy, will become a Nasdaq-listed company under the ticker “OP” after entering into a definitive business combination agreement with Titan Acquisition Corp., a SPAC focused on high-growth fintech companies.
The deal values OpenPayd at approximately $1.1 billion. OpenPayd CEO Iana Dimitrova said the deal is a “significant milestone” that reflects the company’s platform’s scale, regulatory strength and ability to achieve profitable growth.
“As the world’s financial infrastructure undergoes rapid transformation, OpenPayd has become a trusted partner in the modern movement of money, and we look forward to continuing to support our clients around the world,” Dimitrova said.
Headquartered in London, the platform allows businesses to manage payments, accounts, exchange and stablecoin transactions through a unified platform, and currently serves more than 1,100 clients worldwide, including eToro and Kraken.
Ozan Ozark, founder of OpenPayd, said the next decade of finance will be defined by self-moving money, not fast cards or cheap wires, and positioned OpenPayd as an operating system that connects traditional financial rails with programmable blockchain-native networks, allowing intelligent systems to transact as fluently as humans do today.
“We have been building towards this convergence for years, and we believe going public will give us capital and the power to own it,” Ozark said.
The transaction is expected to generate gross proceeds of up to $276 million and is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.
“We believe that OpenPayd has the opportunity to define this category and play a key role in the future of payments, as we believe it is the first publicly traded, pure global payments infrastructure platform at the intersection of traditional finance and digital assets,” said Frank Mastrangelo, Chairman and CEO of Titan.
