Adyen N.V. has entered a definitive agreement to acquire Orb, an enterprise billing platform, for $335 million through a reverse triangular merger, the company said on Thursday. Adyen will fund the transaction entirely from its available cash resources.
Under the terms announced, Orb will become an indirect, wholly owned subsidiary and will be run within an incubator framework during the initial phase following closing. The platform's co-founders have committed to reinvesting a portion of their consideration into newly issued ordinary shares of Adyen.
Headquartered in San Francisco, Orb provides an infrastructure engine designed to capture real-time usage events and convert complex pricing contracts for large, global customers. Founded in 2021, the firm completed a $25 million Series B round in 2024, taking its cumulative capital raised to $44 million. Customers named by the company include Vercel, Glean, Replit, and Supabase.
Adyen highlighted Orb's technical approach of storing the full event stream at scale and separating event ingestion from invoicing. According to Adyen, that architecture delivers enterprises greater latitude when structuring pricing and pursuing monetization strategies.
For the near term, Adyen intends to maintain Orb's operational continuity and continue support for multi-PSP environments. The company said the longer-term strategic objective is to converge billing and payments into a single, unified infrastructure experience for merchants.
Ingo Uytdehaage, Co-CEO of Adyen: "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."
Alvaro Morales, CEO of Orb: "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."
Adyen reiterated previously disclosed financial guidance tied to its acquisition activity. The company expects both the Orb and Talon.One deals to close on July 1, 2026, subject to regulatory approvals and customary closing conditions. For 2026, Adyen projects a 1 percentage point uplift to net revenue growth attributable to the transactions, alongside a 1 percentage point margin dilution that takes into account one-time transaction costs.
Legal and financial advisors involved in the transaction were disclosed. Wilson Sonsini Goodrich & Rosati, P.C. served as legal counsel to Adyen, while KPMG Advisory N.V. performed financial due diligence. Goodwin Procter LLP acted as legal counsel to Orb and AXOM Partners LLC served as exclusive financial advisor.
As structured, the purchase preserves Orb's current operations in the short run while signaling an eventual integration strategy that combines billing and payments infrastructure under Adyen's platform. The company will fund the deal from cash on hand and has quantified the near-term revenue and margin impacts tied to closing, with regulatory approval and customary closing steps remaining as conditions to completion.