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.
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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.
Orb CEO Alvaro Morales said: “Standalone billing systems are fundamentally limited because they operate blind to transaction execution.
“We built our architecture to process complex consumption logic at the event level, giving merchants total flexibility over their pricing frameworks. By joining forces with Adyen, we can connect this ingestion layer directly to real-time financial health signals, closing the loop between billing logic and payment success.”
Adyen said it will use an incubator model initially to maintain Orb’s operational continuity. It also said it will continue to support multi-PSP environments during the first phase. Adyen’s longer-term plan is to move toward a single infrastructure experience for merchants across billing and payments.
Adyen co-CEO Ingo Uytdehaage said: “Our customers increasingly need infrastructure that can handle complex, high-volume usage models, particularly as AI reshapes how software is priced and consumed.
“The structural complexity of modern billing has become the kind of infrastructure problem Adyen is built to take on. Helping customers optimize beyond the transaction itself has been an important part of our long-term direction, and recent moves have expanded our role further into the enterprise monetization stack.
“Combining Orb’s billing product with Adyen’s payments platform closes the loop between what merchants charge and how those charges perform, enabling merchants to automate smarter revenue decisions in real time.”
The agreement follows Adyen’s April deal to acquire loyalty and incentives platform Talon.One for €750m.
Adyen said it expects both acquisitions to close on 1 July 2026, pending regulatory approvals and customary closing conditions.
