CEO Iana Dimitrova said OpenPayd aims to launch in the U.S. by April 2027 and is eyeing deals to add licenses and technology.
- OpenPayd expects its merger with Titan Acquisition Corp. to close by year-end, subject to regulatory and shareholder approvals, CEO Iana Dimitrova told CoinDesk.
- The company is preparing to launch its infrastructure for U.S. customers by April 2027, after bringing 43 state money transmitter licenses into its group.
- The payments firm reported $73 million in revenue for its latest financial year, while Dimitrova said a listing would help fund expansion and acquisitions.
OpenPayd expects to complete its planned Nasdaq listing by the end of the year as it prepares to enter the U.S. market and pursue further acquisitions, CEO Iana Dimitrova told CoinDesk in an interview.
The London-based payments infrastructure company is in the final stages of the U.S. Securities and Exchange Commission’s review of its proposed merger with Titan Acquisition Corp., Dimitrova said.
She expects the deal to close this year, barring a significant external disruption. The transaction still requires the registration statement to become effective and approval from Titan shareholders, among other conditions. OpenPayd would trade under the ticker OP.
The U.S. has become a more attractive market for crypto companies as it develops rules for digital assets and stablecoins. The GENIUS Act established a federal framework for payment stablecoins, while the SEC has proposed rules tailored to some crypto assets. For companies such as OpenPayd, that shift creates an opening to sell payments infrastructure to businesses connecting traditional finance with blockchain networks, even as broader market-structure legislation remains unresolved.
Crypto firms are taking different paths to the public markets: stablecoin payments company RedotPay is pressing ahead with U.S. IPO preparations, having recently completed a financial audit. Others are waiting, with Kraken parent Payward pushing its listing back to the second quarter of 2027 at the earliest, CoinDesk reported.
OpenPayd has integrated with Circle Payments Network for cross-border payments and joined Fireblocks’ payments network, where other participants can access its fiat infrastructure.
The company is a “global infrastructure platform for modern money movement,” Dimitrova said, and “there is no public market competitor that has the same combination of fiat and stablecoin capabilities that OpenPayd can deliver today.”
The listing would help fund U.S. expansion, with OpenPayd aiming to launch services for customers there by April 2027, she added.
U.S. launch takes shape
The company took a step toward that launch last month by bringing MSB USA Inc. and its 43 state money transmitter licenses under the OpenPayd group.
OpenPayd provides businesses with access to accounts, foreign exchange and domestic and international payments, alongside infrastructure for moving between traditional currencies and stablecoins. It counts crypto exchange Kraken, market maker B2C2 and trading platform OKX among the companies using its payments infrastructure
The firm reported $73 million in revenue for the year ended April 30, 2026, up from $57 million a year earlier, according to an investor presentation. The company reported $13 million in EBITDA and a $2.8 million net loss for the latest year.
The reported net loss of $2.8 million is entirely attributable to $5.8 million of one-time transaction costs relating to the proposed business combination, a company spokesperson said in emailed comments.
Dimitrova said the U.S. offers opportunities in both cross-border payments and stablecoin services.
She described delays to U.S. digital-asset market-structure legislation as a setback, but said they had not changed OpenPayd’s decision to expand there.
More deals on the agenda
Acquisitions may play a larger role as the company enters new markets.
OpenPayd is interested in businesses that would add licenses or technology and allow it to launch faster than building those capabilities from scratch, Dimitrova said.
A listing would give it both access to capital and publicly traded shares to use in deals and partnerships. The company is also considering a private placement ahead of the merger to secure funding for its growth plans, she said.
Under the announced terms of the Titan deal, OpenPayd’s implied pro forma equity value could reach $1.1 billion.
“Few markets can match the energy and ambition of the U.S.,” Dimitrova said. “We want to harness that momentum to take OpenPayd from European success to global scale.”
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