Overview
- OpenPayd says it is in the final stage of the SEC review for a business combination with Titan Acquisition Corp. and expects the transaction to close by year-end if the registration statement is declared effective and Titan shareholders approve.
- The company integrated MSB USA Inc. into its group to bring 43 state money-transmitter licences under its control and plans to begin serving U.S. customers by April 2027.
- OpenPayd reported $73 million in revenue for the year ended April 30, 2026 and $13 million in EBITDA while recording a $2.8 million net loss the company attributes to one-time transaction costs tied to the proposed merger.
- The firm has linked its platform with the Circle Payments Network and joined Fireblocks’ payments network, and it provides fiat-to-stablecoin infrastructure to clients including Kraken, B2C2 and OKX.
- Management is considering a pre-merger private placement and targeted acquisitions to shore up funding and licences for faster U.S. entry, but the deal still requires Nasdaq approval, minimum closing proceeds and will be shaped by evolving U.S. stablecoin and SEC rules.