Adyen has signed a definitive agreement to acquire enterprise billing platform Orb in a reverse triangular merger for $335m.
In a statement, the fintech firm said it will fund the transaction entirely from available cash resources
Following completion, Orb will become an indirect, wholly owned subsidiary of Adyen and will be managed under an incubator model. The deal is subject to regulatory approvals and other customary closing conditions. As agreed, Orb’s co-founders will also reinvest a portion of their proceeds into newly issued ordinary shares in Adyen.
Headquartered in San Francisco, Orb is a revenue design platform for AI and SaaS companies. Founded in 2021, the company provides infrastructure that tracks real-time usage data and supports billing for complex pricing contracts used by enterprise customers. Orb’s clients include Vercel, Glean, Replit, and Supabase.