OpenPayd and Titan to Merge, Expected to Raise $276 Million
OpenPayd and Titan Acquisition Corp. entered into a definitive business combination agreement. Upon completion of the transaction, OpenPayd will become a publicly listed company on Nasdaq under the ticker symbol "OP." OpenPayd's financial infrastructure platform operates at the intersection of traditional finance and digital assets, enabling businesses to move and manage money seamlessly across fiat rails, blockchain networks and stablecoins. Through a single API, businesses access global accounts, real-time payments and trading, enabling them to scale across borders. The Company's extensive regulatory footprint across the United States, United Kingdom, European Economic Area, Canada and South Africa, together with its integrations into global payment rails, banks and stablecoin issuers, enables customers to orchestrate money movement seamlessly across markets, rails and assets through a single platform. OpenPayd serves more than 1,100 customers across 180 countries worldwide, including blue-chip clients such as eToro and Kraken. Upon closing, OpenPayd is expected to receive up to $276M in gross proceeds from Titan's trust account, assuming no redemptions by Titan's public shareholders. The capital is intended to strengthen the Company's balance sheet and accelerate the expansion of its financial infrastructure capabilities, positioning OpenPayd to capitalize on growing demand for integrated fiat and stablecoin payment orchestration and to lead the emerging market for agentic payments. The transaction is expected to extend OpenPayd's position as a market leader and allow the Company to further scale its proven operating model by investing in its technology, people and regulatory compliance, including licenses. OpenPayd plans to expand geographically, with immediate focus on scaling operations in the United States and on bolstering product and regulatory capabilities. OpenPayd maintains a strong financial profile and, as of March 2026, generated more than $85M in annualized recurring revenue. OpenPayd processes more than $240B in annualized transaction volume and is well-positioned to capture an increasing share in the rapidly evolving global payments market. The transaction has been unanimously approved by the boards of directors of both OpenPayd and Titan and is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including approval by Titan's shareholders
