Paymentology, the London-based global issuer-processor, has raised $175 million in a funding round co-led by Apis Partners, a private equity firm specializing in financial infrastructure and services, and Aspirity Partners, a pan-European private equity firm focused on financial technology and services. The investment will support Paymentology’s continued global expansion, product development, and team growth as the company builds on strong demand for modern issuer processing at scale.
The transaction brings together two investors with deep experience in the payments industry at a moment when much of the issuing layer of the global payments market, estimated at $49 trillion by 2026, remains constrained by legacy infrastructure. Paymentology closes this gap with a highly configurable, cloud-native platform that delivers real-time processing at scale for clients in 68 countries, giving issuers the flexibility to launch, adapt, and manage card and digital payment experiences more efficiently. The company reported new sales growth of 117% year-on-year in fiscal year 2025 and transaction volume growth of 65%, driven by demand from digital banks, embedded finance providers, digital asset-linked card programs, and expense management platforms, as well as established banks modernizing legacy systems.
For Apis, the investment made by Apis Growth Fund III marks the firm’s 16th investment in the global payments sector. Aspirity’s participation represents its first investment from its inaugural fund. Paymentology’s client base includes leading fintechs such as M-Pesa by Safaricom, RedotPay, Rain, and TrueMoney, as well as fast-growing neobanks including GoTyme, Snappi, Wio Bank, D360, and Albo. The company operates across close to 70 countries and 14 time zones with 24/7 support.
The capital will be used to support the growth and innovation ambitions of current and future clients while expanding beyond core issuer processing into adjacent areas including credit, stablecoin, tokenization, and AI-driven services. Paymentology said it benefits from a highly diversified international client base and significant exposure to high-growth regions including the Middle East, Latin America, Africa, and Asia Pacific.
KEY QUOTES:
“The future of finance is already here, but legacy infrastructure continues to hold back innovation. At Paymentology, we see a significant opportunity to remove that friction and enable our clients to move at the pace the market demands. This investment and the strength of our partnership with Apis and Aspirity is a strong endorsement of our platform and strategy. It positions us to accelerate our growth, expand our capabilities, and continue supporting our clients as they build momentum, and unlock truly unstoppable progress.”
Jeff Parker, Chief Executive Officer, Paymentology
“Payments is a core pillar of our investment strategy, and Paymentology represents the kind of category-leading platform we look to back: modern technology, global relevance and strong exposure to long-term growth in digital payments. We have been particularly impressed by the execution and ambition shown by Jeff and the team, and look forward to supporting the company through its next phase of international growth.”
Joe O’Mara, Founder and Managing Partner, Aspirity Partners
“We are thrilled to partner with Paymentology – a company that operates at the centre of an attractive and fast-growing segment in the global payments ecosystem – and build on our decade plus relationship with the executive team. Leveraging our global connectivity and sector expertise across the payments value chain, we look forward to supporting management as they continue to scale, extend their capabilities and deliver meaningful, lasting impact by improving access to modern financial services worldwide.”
Matteo Stefanel, Co-Founder and Managing Partner, Apis Partners
“As the 16th investment Apis has made in the global payments sector, this deal reinforces our strong conviction in the opportunity within issuer processing. This partnership represents a shared vision to accelerate the democratisation of card issuance, broaden access to digital financial infrastructure and expand into new geographies and adjacent capabilities.”
Udayan Goyal, Co-Founder and Managing Partner, Apis Partners
