Fintech infrastructure firm OpenPayd to list on Nasdaq through SPAC merger valued at $1.1B

OpenPayd, a financial technology company building the infrastructure layer for the digital economy, will become a publicly traded company on Nasdaq 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. Iana Dimitrova, CEO of OpenPayd, called the transaction “a significant milestone” that reflects the company’s platform scale, regulatory strength and ability to deliver profitable growth.

“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,” Dimitrova stated.

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The London-headquartered platform enables businesses to manage payments, accounts, FX, and stablecoin transactions through a unified platform and currently serves more than 1,100 clients globally, including eToro and Kraken.

Ozan Ozerk, founder of OpenPayd, said the next decade of finance would not be defined by faster cards or cheaper wires but by money that moves on its own, positioning OpenPayd as the operating system connecting traditional financial rails with programmable, blockchain-native networks so that intelligent systems could 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,” Ozerk said.

The deal is expected to deliver up to $276 million in gross proceeds and is slated to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.

“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 and CEO of Titan, said.