OpenPayd to list on Nasdaq via SPAC merger at $1.145 billion valuation

OpenPayd, the UK-based infrastructure provider used by high-risk and crypto-facing merchants, is heading to Nasdaq after signing a definitive business combination agreement with Titan Acquisition Corp. The deal matters because it puts one of the more infrastructure-heavy players in the stack on a public market timetable, with fresh capital aimed at the US and more product and regulatory capacity.

1. OpenPayd was founded in 2015 by serial entrepreneur Ozan Ozerk and is led by CEO Iana Dimitrova, who has run the company since 2018. The company says it provides businesses with a single API to move and manage money across blockchain networks, fiat rails, and stablecoins.
2. The company operates across five European locations and offers accounts, international and domestic payments, wallets, FX and stablecoins trading, open banking services, and more. For merchants in verticals where payments are split across banks, crypto rails, and local methods, that kind of bundling is the point.
3. OpenPayd says it serves over 1,100 customers across 180 countries, including eToro, OKX, and Kraken, and processes more than $240 billion in annualised transaction volume. That customer mix tells you where the company sits: not at the consumer edge, but in the plumbing behind cross-border and digital-asset flows.
4. The proposed transaction values OpenPayd at a pro forma equity valuation of $1.145 billion and is expected to generate up to $276 million in gross proceeds. The deal is anticipated to close in the fourth quarter of 2026, after which OpenPayd will list on Nasdaq under the ticker symbol OP.
5. OpenPayd says the capital will be used to bolster its balance sheet and accelerate the expansion of its financial infrastructure capabilities. It also says its immediate focus is to scale operations in the US and enhance product and regulatory capabilities, which is the part that usually matters most when a European payments stack tries to sell itself into a tougher market.

For high-risk operators and PSPs, the relevant signal here is not the SPAC headline itself. It is that a payments infrastructure provider with crypto, fiat, and stablecoin rails is choosing to expand in the US with public-market backing, and is explicitly framing regulatory capability as part of the spend.