Card issuing platform Paymentology secures $175m to fund expansion

Paymentology, a planetary paper issuing and processing platform, has secured $175m concern to enactment its ongoing planetary expansion.

The financing was co-led by backstage equity firms Apis Partners and Aspirity Partners, and Enterprise Technology & Connectivity Services.

In a statement, Paymentology said the superior volition beryllium utilized to enactment continued planetary expansion, merchandise improvement and squad growth.

Paymentology CEO Jeff Parker said: “This concern and the spot of our concern with Apis and Aspirity is simply a beardown endorsement of our level and strategy. It positions america to accelerate our growth, grow our capabilities, and proceed supporting our clients arsenic they physique momentum, and unlock genuinely unstoppable progress.”

Paymentology works with fintechs, integer banks and fiscal institutions to launch, run and standard paper programmes.

The institution supports clients successful adjacent to 70 countries. Its lawsuit basal includes fintechs specified arsenic M-Pesa by Safaricom, RedotPay, Rain, TrueMoney and ARQ, arsenic good arsenic neobanks including GoTyme, Snappi, Wio Bank, D360 and Albo.

According to its website, Paymentology has much than 400 clients and a squad of much than 500 employees. The institution said it has enabled much than 1 cardinal transactions crossed much than 60 countries.

The backing follows maturation company’s maturation successful FY25, with caller income up 117% year-on-year and transaction volumes rising 65%.

Paymentology attributed maturation to “strong demand” from integer banks, embedded concern providers, integer asset-linked paper programmes and disbursal absorption platforms. It besides cited bequest strategy modernisation by established banks, a diversified planetary lawsuit base, and vulnerability to regions including the Middle East, Latin America, Africa and APAC.

Commenting connected the investment, Aspirity Partners laminitis and managing spouse Joe O’Mara said: “Payments is simply a halfway pillar of our concern strategy, and Paymentology represents the benignant of category-leading level we look to back: modern technology, planetary relevance and beardown vulnerability to semipermanent maturation successful integer payments.

“As Aspirity's archetypal concern from our inaugural fund, this concern reflects our sector-specialist attack and was the downstream result of our proactive thematic origination model, including the invaluable publication of our Innovator & Leader network.”

"Card issuing level Paymentology secures $175m to money expansion" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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