Paymentology Raises $175m in Funding Co-Led by Apis Partners and Aspirity Partners
May 12, 2026 – 7:24 am
Paymentology, the London-based global issuer-processor, has raised $175m in a round co-led by Apis Partners and Aspirity Partners, according to the company’s announcement on Tuesday.
Apis, through its Apis Growth Fund III vehicle, has invested in Paymentology for the 16th time in the payments sector. For Aspirity, a pan-European private-equity firm focused on financial technology and enterprise services, this is the inaugural investment from its first fund.
The funding will be used by Paymentology to support global expansion, product development, and team growth, building on the increasing demand for modern issuer processing.
Paymentology’s Global Reach and Strategy
Paymentology operates in 68 countries and 14 time zones, providing cloud-native issuer-processing infrastructure to fintechs, digital banks, and retail banks. Its platform supports both card issuance and digital payment programs, positioned against legacy systems that limit innovation and user experiences.
"We’ve built an issuing platform designed for growth, helping digital banks, fintechs, and financial institutions launch, scale, and expand their card programs with confidence," said CEO Jeff Parker.
Key Takeaways
- Year-on-Year Growth: The company reported a 117% rise in new sales and a 65% increase in transaction volumes in FY25.
- Customer Base: Named customers include M-Pesa by Safaricom, RedotPay, Rain, TrueMoney, ARQ, GoTyme, Snappi, Wio Bank, D360, and Albo.
- Investment Impact: Apis’ Joe O’Mara highlighted the deal as reflecting the firm’s sector-specialist approach. Apis’ Matteo Stefanel and Udayan Goyal expressed their strong conviction in the issuer processing opportunity.
Paymentology plans to leverage the funding to expand into adjacent areas such as credit, stablecoins, tokenization, and AI-driven services.