- Paymentology has secured $175 million in fresh funding co-led by Apis Partners and Aspirity Partners to accelerate global expansion and product innovation.
- The issuer-processor is seeing rapid momentum, with sales rising 117% year-on-year in FY25 and transaction volumes jumping 65%.
- The company plans to expand beyond card issuing into areas such as stablecoins, tokenisation, credit, and intelligent financial services.
The global payments market is racing toward an estimated value of $49 trillion by 2026, and Paymentology wants to become one of the companies powering that transformation. The payments infrastructure firm has now raised $175 million in a new investment round co-led by Apis Partners through Apis Growth Fund III and pan-European private equity firm Aspirity Partners, giving it fresh capital to scale operations, expand products, and strengthen its global team.
Paymentology was founded by Akshay Patel and Shane O’Hara in 2015 in London to modernise the card issuing and payments ecosystem. Paymentology has built a cloud-native issuer-processing platform designed for banks, fintechs, and digital payment providers. The company enables clients to launch and manage card and digital payment programmes in real time across multiple markets without depending on legacy infrastructure.
“The future of finance is here, but legacy infrastructure still slows innovation. At Paymentology, we help banks and fintechs launch and scale card programmes faster with a flexible, globally scalable issuing platform built for today’s dynamic payments landscape,” notes Jeff Parker, CEO at Paymentology.
The UK-based platform is now active across 68 countries, helping businesses rapidly introduce new financial products while adapting to local regulations and consumer demands. Paymentology’s technology is especially attractive to digital banks, embedded finance platforms, and expense management providers looking for faster deployment and greater flexibility.
The fintech company has also benefited from rising demand in high-growth markets across the Middle East, Latin America, Africa, and the Asia-Pacific region. Clients include major fintech brands such as Safaricom’s M-Pesa, RedotPay, Rain, and TrueMoney, alongside fast-growing neobanks including GoTyme, Wio Bank, and Albo.
Paymentology competes with payment infrastructure firms such as Marqeta, Thredd, and Stripe, all of which provide modern payment processing tools for fintechs and banks seeking real-time capabilities, scalability and cross-border functionality. Its multi-cloud architecture, real-time data tools and around-the-clock support across 14 time zones have helped it stand out in a crowded market.
The newly raised capital will support expansion into adjacent areas including credit infrastructure, tokenisation, stablecoin-linked payments and intelligent automation services. With digital payments continuing to grow globally, Paymentology is positioning itself to become a larger infrastructure player in the evolving financial services ecosystem.
“Paymentology is the kind of category-leading fintech platform we look to back, with strong global growth potential in digital payments. We’ve been impressed by Jeff and the team’s execution and look forward to supporting the company’s next phase of international expansion,” says Joe O’Mara, founder and managing partner at Aspirity Partners.
“We’re excited to partner with Paymentology, a fast-growing player in the global payments ecosystem. With our sector expertise and long-standing relationship with the team, we look forward to supporting the company’s continued scale and expansion,” says Matteo Stefanel, co-founder and managing partner, Apis.
