UK Financial Infrastructure Company OpenPayd Announced Nasdaq SPAC IPO Merger with Titan Acquisition Corp to Raise $276 Million at $1.1 Billion Valuation, Founded in 2018 by Ozan Ozerk
2nd June 2026 | Hong Kong
UK financial infrastructure company OpenPayd has announced Nasdaq SPAC IPO merger with Titan Acquisition Corp to raise $276 million at $1.1 billion valuation. OpenPayd was founded in 2018 by Ozan Ozerk. Announcement (1/6/26): “OpenPayd (“OpenPayd” or the “Company”), a global financial infrastructure platform for programmable money movement, and Titan Acquisition Corp. (“Titan”) (Nasdaq: TACHU), a special purpose acquisition company focused on high-growth fintechs, today announced that they have entered into a definitive business combination agreement. Upon completion of the transaction, OpenPayd will become a publicly listed company on Nasdaq under the ticker symbol “OP.” OpenPayd’s financial infrastructure platform operates at the intersection of traditional finance and digital assets, enabling businesses to move and manage money seamlessly across fiat rails, blockchain networks and stablecoins. Through a single API, businesses access global accounts, real-time payments and trading, enabling them to scale across borders. The Company’s extensive regulatory footprint across the United States, United Kingdom, European Economic Area, Canada and South Africa, together with its integrations into global payment rails, banks and stablecoin issuers, enables customers to orchestrate money movement seamlessly across markets, rails and assets through a single platform. OpenPayd serves more than 1,100 customers across 180 countries worldwide, including blue-chip clients such as eToro and Kraken. Upon closing, OpenPayd is expected to receive up to $276 million in gross proceeds from Titan’s trust account, assuming no redemptions by Titan’s public shareholders. The capital is intended to strengthen the Company’s balance sheet and accelerate the expansion of its financial infrastructure capabilities, positioning OpenPayd to capitalize on growing demand for integrated fiat and stablecoin payment orchestration and to lead the emerging market for agentic payments. The transaction is expected to extend OpenPayd’s position as a market leader and allow the Company to further scale its proven operating model by investing in its technology, people and regulatory compliance, including licenses. OpenPayd plans to expand geographically, with immediate focus on scaling operations in the United States and on bolstering product and regulatory capabilities. OpenPayd maintains a strong financial profile and, as of March 2026, generated more than $85 million in annualized recurring revenue. OpenPayd processes more than $240 billion in annualized transaction volume and is well-positioned to capture an increasing share in the rapidly evolving global payments market. The transaction has been unanimously approved by the boards of directors of both OpenPayd and Titan and is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including approval by Titan’s shareholders. Additional details regarding the proposed transaction, including a copy of the Business Combination Agreement and other related documents will be included in a Current Report on Form 8-K to be filed by Titan with the U.S. Securities and Exchange Commission (the “SEC”) and will be available at www.sec.gov. Anne Martina serves as lead M&A advisor, A&O Shearman serves as legal counsel, Deloitte serves as financial auditors, and Burson Buchanan serves as strategic communications advisor to OpenPayd. Winston & Strawn serves as legal counsel to Titan. Cantor Fitzgerald & Co. is acting as capital markets advisor to Titan Acquisition Corp.”
“ UK Financial Infrastructure Company OpenPayd Announced Nasdaq SPAC IPO Merger with Titan Acquisition Corp to Raise $276 Million at $1.1 Billion Valuation, Founded in 2018 by Ozan Ozerk “
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Iana Dimitrova, Chief Executive Officer of OpenPayd: “This transaction marks a significant milestone in our journey and reflects the scale of our platform, our regulatory strength, and our ability to deliver profitable growth at scale. 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.”
Ozan Ozerk, Founder of OpenPayd: “We believe the next decade of finance will not be defined by faster cards or cheaper wires — it will be defined by money that moves on its own. Autonomous agents are already making decisions; the infrastructure beneath them must keep pace. OpenPayd exists to be that infrastructure — the operating system connecting traditional financial rails with programmable, blockchain-native networks, so that intelligent systems can 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.”
Frank Mastrangelo, Chairman & Chief Executive Officer of Titan: “We are thrilled to partner with OpenPayd, a high-growth, profitable and innovative financial infrastructure platform and an early mover in a massive marketplace. We believe the growing institutional adoption of digital assets, increasingly pro-innovation regulatory frameworks, and rising demand for integrated fiat-to-digital infrastructure, underscored by recent signals from the U.S. Federal Reserve and mainstream financial institutions, position OpenPayd for long-term success. 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.”
OpenPayd – OpenPayd is building the universal financial infrastructure for the digital economy. The Company’s rails-agnostic platform enables businesses to move and manage money globally – across fiat and digital assets – through a single, powerful API. OpenPayd provides embedded accounts, FX, domestic and international payments, Open Banking, and stablecoin on/off ramps – delivering interoperability between traditional finance and digital assets. With one of the most comprehensive banking networks in the market, OpenPayd enables real-time money movement, everywhere. Trusted by global brands including eToro, Kraken, OKX, and B2C2, the Company processes more than $240 billion in annual volumes for over 1,100 businesses. OpenPayd is the infrastructure layer powering the next generation of financial services.
Titan – Titan Acquisition Corp. is a special purpose acquisition company with a focused mandate to partner with high-growth fintech and financial technology businesses through a merger, share exchange, asset acquisition or similar business combination. Titan is led by an experienced team with a strong track record across SPAC transactions, capital markets and financial services, bringing deep expertise in structuring, execution and scaling public companies. Backed by extensive relationships across institutional investors, banking and the broader fintech ecosystem, Titan is positioned to support companies seeking accelerated access to the U.S. public markets and long-term growth as publicly traded businesses.
UK Financial Infrastructure Company OpenPayd Announced Nasdaq SPAC IPO Merger with Titan Acquisition Corp to Raise $276 Million at $1.1 Billion Valuation, Founded in 2018 by Ozan Oozier
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