Adyen to Acquire Billing Platform Orb in $335m Deal
Adyen has signed a definitive agreement to acquire enterprise billing platform Orb in a deal valued at $335 million, funded entirely from the payments group's available cash resources.
The transaction is structured as a reverse triangular merger, with Orb set to become an indirect, wholly-owned subsidiary of Adyen on completion. The acquisition is expected to close on 1 July 2026, subject to regulatory approval. Orb will initially be run under an incubator model, retaining a degree of operational independence and continuing to support multi-PSP environments.
Founded in 2021 and headquartered in San Francisco, Orb is a revenue and usage-based billing platform built for AI and SaaS companies. It provides the infrastructure to track real-time usage data and handle billing for complex, consumption-based pricing contracts. Its client roster includes Vercel, Glean, Replit and Supabase, names that sit at the heart of the current wave of AI and developer-tooling businesses.
As part of the deal, Orb's co-founders will reinvest a portion of their proceeds into newly issued ordinary shares in Adyen, aligning their interests with the combined business over the longer term.
The strategic logic centres on closing the gap between billing and payments. Adyen's longer-term ambition is to move toward a single piece of infrastructure that handles both what a merchant charges and how those charges are executed, an area that has grown increasingly complex as usage-based and consumption pricing models have spread across software.
"Standalone billing systems are fundamentally limited because they operate blind to transaction execution," said Alvaro Morales, chief executive of Orb. "We built our architecture to process complex consumption logic at the event level, giving merchants total flexibility over their pricing frameworks."
Ingo Uytdehaage, co-chief executive of Adyen, framed the acquisition as a natural extension of the company's infrastructure-led approach. "The structural complexity of modern billing has become the kind of infrastructure problem Adyen is built to take on," he said. "Combining Orb's billing product with Adyen's payments platform closes the loop between what merchants charge and how those charges perform."
The move signals Adyen's intent to push further up the financial stack for software businesses, where billing accuracy and payment execution have traditionally been handled by separate systems. For AI and SaaS firms wrestling with metering, real-time usage data and intricate pricing, a unified billing-and-payments layer could prove a meaningful draw, assuming the integration lands as cleanly as both sides hope.
