Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
London-based payments infrastructure provider OpenPayd expects its merger with SPAC Titan Acquisition Corp. to clear remaining regulatory and shareholder hurdles and close by year-end, CEO Iana Dimitrova told CoinDesk. The company plans a Nasdaq listing under the ticker OP to raise capital for U.S. expansion and acquisitions, aiming to launch services for American customers by April 2027 after bringing 43 state money-transmitter licenses into its group.
Why It Matters
A successful listing and merger would give OpenPayd public-market capital and stock to accelerate entry into the U.S., a market the company sees as strategically important for cross-border payments and stablecoin services. The move highlights continuing investor and industry momentum behind payments infrastructure firms bridging traditional finance and crypto rails.
Key Facts
- Planned listing: Nasdaq under ticker OP, expected by year-end subject to approvals
- Merger partner: Titan Acquisition Corp.; in final stages of SEC review
- U.S. launch target: Services for U.S. customers by April 2027
- State licenses added: MSB USA Inc. and 43 state money transmitter licenses integrated into OpenPayd group
- Latest revenue: $73 million for year ended April 30, 2026 (up from $57 million prior year)
OpenPayd told CoinDesk it expects its proposed business combination with Titan Acquisition Corp. to complete before the end of the year, pending the registration statement becoming effective, SEC clearance and Titan shareholder approval. CEO Iana Dimitrova said she does not foresee major external disruptions but acknowledged the transaction still requires customary regulatory and shareholder steps. The company is positioning the Nasdaq listing to fund a planned U.S. expansion and to give it public equity that can be used in acquisitions and partnerships. OpenPayd brought MSB USA Inc. and its 43 state money-transmitter licenses into the group last month, a move Dimitrova said brings the firm closer to launching infrastructure for U.S. customers by April 2027. OpenPayd provides businesses with accounts, foreign exchange, and domestic and international payments, plus rails to move between fiat currencies and stablecoins. The firm reported $73 million in revenue for the year ended April 30, 2026, with $13 million of EBITDA and a $2.8 million net loss; the company attributed the net loss entirely to $5.8 million of one-time transaction costs tied to the proposed merger. Dimitrova said the U.S. market offers opportunities in cross-border payments and stablecoin services despite delays to broader U.S. market-structure legislation. She indicated OpenPayd plans to pursue further acquisitions that would add licenses or technology to accelerate market entry, and the company is also weighing a private placement ahead of the merger to raise additional growth capital. Under the announced terms of the Titan deal, OpenPayd’s implied pro forma equity value could reach $1.1 billion.
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