OpenPayd plans to go public on Nasdaq by the end of the year and enter the U.S. market in April 2027

The London-based payment infrastructure company OpenPayd's CEO Iana Dimitrova told CoinDesk that the company expects to complete its merger with Titan Acquisition Corp. and list on Nasdaq by the end of this year. The transaction is still subject to the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and approval from Titan shareholders, with the stock ticker expected to be OP after listing. According to the announced terms, the implied equity value of OpenPayd in the transaction could reach up to $1.1 billion.

OpenPayd provides account, foreign exchange, and domestic and international payment services to companies such as Kraken, B2C2, and OKX, and offers infrastructure for converting between fiat currencies and stablecoins, having integrated with the Circle payment network and Fireblocks payment network. Last month, the company incorporated MSB USA Inc. and its 43 state-level money transmission licenses into the group, planning to launch services for U.S. customers by April 2027. For the fiscal year ending April 30, 2026, the company reported revenue of $73 million, up from $57 million in the previous fiscal year, with an EBITDA of $13 million and a net loss of $2.8 million. A company spokesperson stated that the loss was entirely due to a one-time transaction cost of $5.8 million related to this merger.

Dimitrova stated that the company intends to acquire businesses that can provide licenses or technology to accelerate its entry into new markets. The listing will provide funding and publicly traded stock that can be used for transactions and collaborations. The company is also considering a private placement before the merger to raise growth capital.