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.
Founded in 2015, Paymentology provides card-issuing and processing infrastructure to banks and fintech companies, enabling clients to launch and operate payment card programmes globally. The new capital gives the group a substantially larger balance sheet with which to pursue its international ambitions.
APIS AND ASPIRITY BACK GLOBAL EXPANSION
The round is co-led by Apis Partners, a growth investor with a track record of financial-services investments across emerging markets, and Aspirity Partners. The choice of co-leads signals a focus on scale-up capital rather than an early-stage bet, and gives Paymentology backers with experience of supporting payments and fintech businesses through international rollouts.
According to the company, the proceeds will be used to support global expansion and product development, while pushing beyond its core issuer-processing franchise into adjacent areas. Those include credit, stablecoin capabilities, tokenisation and AI-driven services aimed at helping issuers manage risk, fraud and customer engagement.
Building out those capabilities represents a significant broadening of Paymentology's addressable market. Credit adds a natural extension to a debit and prepaid heritage, while stablecoin and tokenisation services position the group to participate in the settlement and treasury layers that increasingly sit alongside traditional card rails.
GROWTH METRICS UNDERPIN THE ROUND
Paymentology said its FY2025 performance underpinned the investment case. The company reported 117% year-on-year sales growth in the period and a 65% increase in transaction volumes on its platform, according to figures included in the funding announcement.
Those growth rates place the group among the faster-scaling issuer-processors in the European fintech landscape. Volume growth is a critical operating metric for card-processing businesses, given the extent to which unit economics rely on transaction throughput rather than one-off contract wins.
The company positions itself as a modern alternative to legacy processing platforms, offering cloud-native infrastructure that clients can use across multiple geographies without deploying separate systems. That model is designed to appeal both to established banks looking to modernise and to fintech challengers building programmes from scratch.
With the fresh capital, Paymentology is signalling an intent to broaden its product suite and geographic reach simultaneously. Success will depend on its ability to convert investment into recurring processing revenue in new markets while integrating new services such as credit and stablecoin support into the existing platform without disrupting its core client relationships. The USD 175 million cheque places the transaction among the larger European fintech funding rounds of the period and gives the group multi-year runway to execute against its ambitions.
Further details on the round and on Paymentology's product roadmap were set out in a statement issued on the company's website. The company has operated as an issuer-processor since 2015, building a platform that supports banks and fintech clients in launching card programmes across multiple jurisdictions. That track record is central to the pitch it has made to the co-lead investors and to the wider syndicate participating in the round.