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DealsNov 3, 2026, 05:11 PM

Titan Acquisition Corp. to Combine with OpenPayd Holdings Limited

AI Summary

Titan Acquisition Corp. has announced a proposed business combination with OpenPayd Holdings Limited, a global provider of financial infrastructure and embedded banking services. The transaction implies a pro forma enterprise value of approximately $881.2 million, with existing OpenPayd shareholders rolling over 100% of their equity. Funding is expected from Titan's cash in trust and PIPE financing. OpenPayd highlighted strong business momentum, reporting $107 million in Annual Recurring Revenue (ARR) as of October 31, 2026, and H1 revenue of $47.5 million, a 43% year-over-year increase. The company also noted over $360 billion in annualized transaction volume and more than 1,260 clients.

Key Highlights

  • Titan Acquisition Corp. announces proposed business combination with OpenPayd Holdings Limited.
  • Implied pro forma enterprise value of approximately $881.2 million.
  • Existing OpenPayd shareholders will roll over 100% of their equity.
  • Transaction expected to be funded by Titan's cash in trust and PIPE financing.
  • OpenPayd reports $107 million ARR as of October 31, 2026.
  • OpenPayd reported H1 revenue of $47.5 million, a 43% year-over-year increase.
  • OpenPayd's annualized transaction volume exceeds $360 billion with over 1,260 clients.