UK Issuer-Processor Paymentology Raises USD 175 Million Led by Apis and Aspirity

Paymentology, the London-based issuer-processor, has raised USD 175 million in an investment round co-led by Apis Partners and Aspirity Partners. The company announced the financing on 12 May 2026 and said the proceeds would support the next phase of its growth.

Operating since 2014, Paymentology provides card-issuing and processing infrastructure to banks and fintech companies, enabling clients to launch and operate payment card programmes globally. The company says it operates in 68 countries across 14 time zones.

APIS AND ASPIRITY BACK GLOBAL EXPANSION

The round is co-led by Apis Partners, through its Apis Growth Fund III, and Aspirity Partners. Apis said the deal is its 16th investment in the payments sector.

According to the company, the proceeds will be used to support global expansion, product development and team growth, while pushing beyond its core issuer-processing franchise into adjacent areas. Those include credit, stablecoin capabilities, tokenisation and AI-driven services.

GROWTH METRICS UNDERPIN THE ROUND

Paymentology cited its FY2025 performance in the announcement. The company reported 117% year-on-year growth in new sales in the period and a 65% increase in transaction volumes on its platform, according to figures included in the funding announcement.

It said demand was strong from digital banks, embedded finance providers and institutions modernising legacy systems.

The company describes its platform as cloud-native and highly configurable, enabling real-time processing at scale. Its clients include M-Pesa (Safaricom), RedotPay, Rain, TrueMoney, GoTyme, Wio Bank and Albo.

Further details on the round were set out in the company's announcement, distributed via Business Wire.