OpenPayd Global Holdings Limited filed a Form 425 communication on November 12, 2026, disclosing first-half fiscal year 2027 financial results and operating metrics in connection with its proposed business combination with Titan Acquisition Corp (NASDAQ:TACH).

Key Highlights

  • Annual recurring revenue: OpenPayd reached $107 million in ARR as of October 2026, calculated by multiplying October 2026 revenue by twelve.
  • Q2 FY27 revenue: Second-quarter revenue grew 44% year-on-year to $25.4 million.
  • First-half revenue: H1 FY27 (May-October 2026) revenue reached $47.5 million.
  • Stablecoin growth: First-half stablecoin orchestration revenue increased from $0.5 million to $3.9 million year-on-year, contributing 30% of overall revenue growth.
  • Client base: As of October 2026, OpenPayd served more than 1,260 corporate clients.
  • Transaction volume: Annualised transaction volume exceeded $360 billion as of October 2026.
  • Client balances: Client balances held exceeded $1 billion as of October 2026.

OpenPayd H1 FY27 Results: Fiat and Stablecoin Infrastructure Drive Revenue Growth

According to the filing, OpenPayd's H1 FY27 results (covering May through October 2026) reflected expansion across both its fiat infrastructure and its stablecoin orchestration platform. Fiat infrastructure accounted for 70% of first-half banking and payments revenue growth, excluding interest income, while stablecoin orchestration contributed the remaining 30%. The company disclosed that it launched its stablecoin infrastructure in May 2025, enabling businesses to move between fiat and digital assets through a single infrastructure layer.

The filing noted that customers onboarded during FY27 contributed 34% of first-half banking and payments revenue growth, and that stablecoin orchestration accounted for 32% of revenue from those new customers during H1 FY27. The filing clarified that USD figures are converted from EUR using an exchange rate of $1.16 per euro, that growth rates are calculated using EUR figures, and that reported amounts are rounded. The ARR figure of $107 million is described in the filing as "a supplemental operational metric, not an IFRS financial measure, revenue earned over a completed twelve-month period or a forecast of future revenue," and the interim financial figures are unaudited.

The filing also disclosed that on June 1, 2026, OpenPayd announced a proposed business combination with Titan Acquisition Corp (NASDAQ:TACH), which, according to the filing, "is expected to result in OpenPayd becoming a publicly traded company listed on the Nasdaq Stock Exchange." The communication was filed pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, with Titan Acquisition Corp as the subject company (Commission File No.: 001-42590). OpenPayd's financial year ends on April 30; Q2 FY27 covers August through October 2026.

What Was Disclosed

OpenPayd filed a Rule 425 communication reporting H1 FY27 unaudited revenue of $47.5 million, $107 million in ARR as of October 2026, and stablecoin orchestration revenue rising from $0.5 million to $3.9 million year-on-year, in connection with its proposed merger with Titan Acquisition Corp.