The global financial infrastructure company OpenPayd will be publicly listed on the US stock exchange, Nasdaq, following a Special Purpose Acquisition Company deal with Titan Acquisition Corporation.
OpenPayd announced that it will become a publicly listed company in the US on the Nasdaq exchange following a merger with Titan Acquisition Corporation, which values the combined company as $1.145bn.
Trading under the ticker symbol ‘OP’, OpenPayd will receive $276m in gross proceeds from Titan’s trust account, assuming no redemptions are made by Titan’s public shareholders.
OpenPayd will go to the public market faster as it underwent a Special Purpose Acquisition Company (SPAC) process. Titan gave the green light to the SPAC process in a move which will bypass the traditional Initial Public Offering (IPO) phase.
The merger was unanimously approved by the Board of Directors of both OpenPayd and Titan and is expected to close in Q4 2026.
OpenPayd has confirmed its public listing in the US is part of a strategic expansion strategy to roll out its financial infrastructure services to businesses looking to move money across fiat, blockchain and stablecoin payment rails.
The company, via a single API, connects businesses to both global accounts and real-time payments services and rails, enabling them to send and receive funds across borders in multiple currencies.
OpenPayd has more than 1,100 customers across 180 countries, with clients such as eToro and Kraken. The company also serves as a payment orchestrator for the adoption of both fiat and stablecoin currency payment rails, enabling businesses to run both rails in parallel with one another.
Speaking to Payment Expert at Money 20/20 Europe today (2 June), OpenPayd Chief Commercial Officer, Lux Thiagarajah, says that the public listing underscores years of growth and profitability not common with many European fintechs.
“OpenPayd has had a tremendous period of growth over the last four to five years, and the honest truth is we all realise that at some point, those can plateau without the ability to expand – whether that’s licenses, whether that’s jurisdictions – and that requires funding,” says Thiagarajah.
“Usually, at companies your first question is, how’s your burn rate? We’re in one of these envious positions where we’ve been cash flow positive and profitable.
“I think it’s a tremendous milestone for OpenPay. The hard work begins, but it’s the company’s ambition. We’ve got expansion plans, and going public is what our management felt was the best way forward. It’s tremendous, and we’re excited.”
In its 2025 financial report for the 12 month period, ending 31 March 2026, OpenPayd reported recurring revenues of $85m; it also processed more than $240bn in transaction volume.
Eyes on US regulatory licences
The US is a primary market for OpenPayd growth following the public listing to offer access to global payment rails to businesses that may not have access to such services previously.
The company already has a presence in the US, operating OpenPayd US LLC. in Delaware. However, OpenPayd’s US subsidiary currently does not hold a regulatory banking licence or money transmitter licence, operating in the US via third-party partners.
OpenPayd revealed in its public listing announcement that it intends to invest in regulatory compliance, which includes the obtaining of licences.
Recently, US President Donald Trump signed an executive order to integrate financial technology innovations into existing regulatory frameworks and update certain rules to allow emerging technologies, like blockchain, a more seamless integration with traditional financial and payments infrastructures.
US regulators have also been ordered to review existing regulations, to streamline application processes for eligible fintech firms seeking bank charters, credit union charters, deposit or share insurance, and other Federal licences.
European fintech US interest surges
OpenPayd becomes the latest Europe-based fintech firm to become publicly traded in the US following in the footsteps of several others.
International money movement company Wise officially moved its primary listing from the London Stock Exchange to the New York-based Nasdaq earlier this year.
Swedish buy-now-pay-later giant Klarna also went public on the New York Stock Exchange in September 2025.
The US fintech market continues to grow by adopting many of the innovative payment rails and systems that have already been established in Europe. The US and its investors do, however, provide deeper capital opportunities and pools to invest in some of those European fintech firms that have spearheaded payment innovation over the last several years.
