Paymentology, a payment processing platform for fintechs, digital banks and retail banks, has secured £130 million from Apis Partners and Aspirity Partners. The investment will support Paymentology’s continued global expansion, product development and strengthening of its team as demand grows for modern issuer processing infrastructure.
Operating across 68 countries, the cloud-native platform enables clients to launch, adapt and manage card and digital payment programmes in real time across different markets. Much of the global issuing layer remains reliant on legacy infrastructure, which Paymentology says limits innovation, speed and payment experiences for end users. Paymentology’s platform is designed to give issuers more flexibility to launch and scale payment products across diverse regulatory environments.
Demand has been driven by digital banks, embedded finance providers, digital asset-linked card programmes and expense management platforms, alongside banks modernising existing systems. New sales rose 117% year-on-year in FY25, while transaction volumes increased 65%. Paymentology also cited exposure to high-growth regions including the Middle East, Latin America, Africa and APAC.
Alongside issuer processing, Paymentology plans to expand into adjacent areas including credit, stablecoin, tokenisation and AI-driven services. Clients include M-Pesa by Safaricom, RedotPay, Rain, TrueMoney, ARQ, GoTyme, Snappi, Wio Bank, D360 and Albo.
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. As Aspirity's first investment from our inaugural fund, this partnership reflects our sector-specialist approach and was the downstream outcome of our proactive thematic origination model, including the valuable contribution of our Innovator & Leader network. 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.
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.
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. We’ve built an issuing platform designed for growth, helping digital banks, fintechs and financial institutions launch, scale and expand their card programmes with confidence. By combining global capability with the flexibility to adapt locally, we enable our clients to compete more effectively with speed, control and efficiency, in an increasingly dynamic landscape.
