OpenPayd eyes more acquisitions as it targets year-end Nasdaq listing and U.S. launch
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
OpenPayd is targeting a Nasdaq listing by the end of 2026 through a planned merger with Titan Acquisition Corp., pending regulatory and shareholder approvals, according to CEO Iana Dimitrova. The London-based payments infrastructure firm plans to use the capital raised to fund its U.S. expansion and pursue acquisitions. OpenPayd aims to launch its U.S. customer infrastructure by April 2027 after adding 43 state money transmitter licenses.
Why it matters
The listing would provide OpenPayd with capital and publicly traded shares to accelerate its growth in the U.S., a market seen as increasingly attractive due to evolving digital asset regulations such as the GENIUS Act and proposed SEC rules. According to the source, this is a strategic opportunity for OpenPayd to capitalize on the intersection of traditional finance and blockchain networks.
Key context
OpenPayd integrates fiat and stablecoin payment capabilities, serving clients including crypto exchange Kraken, market maker B2C2, and trading platform OKX. The company reported $73 million in revenue for the year ended April 30, 2026, growing from $57 million the previous year, with a $2.8 million net loss attributable largely to one-time transaction costs related to the merger. The firm is also joined with the Circle Payments Network and Fireblocks’ payments network to facilitate cross-border and domestic payments.
Key numbers and entities
OpenPayd reported $73 million in revenue and $13 million in EBITDA for its latest financial year ended April 30, 2026. The merger with Titan Acquisition Corp. could imply a pro forma equity value of about $1.1 billion. OpenPayd plans to trade under the ticker OP. CEO Iana Dimitrova is the company spokesperson quoted.
What remains unclear
The source does not provide the exact terms or valuation details of the merger beyond implied equity value, nor does it clarify the timeline or specifics for the private placement mentioned. Further information on how regulatory approval processes might impact the deal timeline is also not detailed.