UK Payments Firm OpenPayd to Go Public Via Titan SPAC

OpenPayd, a financial infrastructure firm, said it is planning to go public via a merger with a special purpose acquisition company.

The London-based company is set to merge with Titan Acquisition Corp. at an equity value of about $1.1 billion, according to a statement from the company on Monday.

The announcement confirmed an earlier report from Bloomberg News.

OpenPayd is a financial infrastructure platform that enables payments and trading for the digital economy. It also manages stable coins and powers foreign exchange services for enterprises, according to its website. It counts eToro Group Ltd., Kraken and Ripple ...