Paymentology Raises $175 Million Co-led by Apis Partners and Aspirity Partners to Support Next Phase of Growth
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LONDON – Paymentology, a leading global payments company, today announced a $175 million investment led jointly by Apis Partners (“Apis”), a private equity firm specializing in financial infrastructure and services, and Aspirity Partners (“Aspirity”), a European Private Equity firm focused on Financial Technology & Services and Enterprise Technology & Connectivity Services.
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The investment will support Paymentology’s continued global growth, product development and strengthening of its team, as the company builds on strong demand for modern issuer processing worldwide.
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The project brings together two investors with extensive experience in the payments industry and a shared focus on improving the payments infrastructure, combined with the view that issuer processing represents one of the most important opportunities in the sector. For Apis, the investment, made by Apis Growth Fund III1marks the company’s 16th installment investment. Both Apis and Aspirity will leverage their deep industry and global network of payments experts to support Paymentology’s next phase of growth.
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Joe O’Mara, Founder and Managing Partner at Aspirity Partners commented:
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“Payments are the main pillar of our investment strategy, and Paymentology represents the best type of platform in the back-to-back category: modern technology, global value and strong exposure to the long-term growth of digital payments. As Aspirity’s first investment from our first fund, this partnership reflects our approach to industry experts and is a bottom line result of our active model, including Innovator has an important role in our network. He was very impressed by the execution and ambition of excellence shown by Jeff and the team, and we look forward to supporting the company in its next phase of international growth.”
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Matteo Stefanel, Founder and Managing Partner, Apis commented:
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“We are very excited to work with Paymentology – a company that operates in an attractive and fast environment
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a growing part of the global payments ecosystem – and build on our decades of experience and relationships with the management team. Leveraging our global communications expertise and industry expertise across the payments chain, we look forward to supporting managers as they continue to grow, expand their capabilities and deliver meaningful, lasting impact by improving access to modern financial services around the world.”
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Despite the fact that the global payments market is estimated to be $49 trillion by 2026, much of the emerging market remains constrained by legacy infrastructure, limited innovation, speed and quality of end-user payment experiences. Paymentology addresses this gap with its highly configurable, cloud-based platform, which enables real-time processing at scale for customers across 68 countries and empowers issuers to implement, adapt and manage card and digital payment experiences more effectively across markets.
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Jeff Parker, CEO at Paymentology, commented:
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The future of finance is here, but legacy infrastructure continues to hold back innovation. At Paymentology, we see a significant opportunity to remove that friction and enable our customers to move at the speed the market demands. We’ve built an outsourcing platform designed for growth, helping digital banks, fintechs and financial institutions launch, scale and scale their card programs with confidence. By combining global strength and flexibility to adapt to local conditions, we enable our customers to compete effectively with speed, control and efficiency, in a changing environment.
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This investment and the strength of our partnership with Apis and Aspirity is a powerful support for our platform and strategy. It positions us to accelerate our growth, expand our capabilities, and continue to support our customers as they build momentum, and unlock truly unstoppable progress.
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This momentum is reflected in Paymentology’s performance, with new sales up 117% year-on-year in FY25 and transaction volumes up 65%. Growth has been fueled by strong demand for digital banking, embedded financial providers, digital asset-linked card systems and expense management platforms, as well as established banks modernizing legacy systems. The business also benefits from a highly diverse global customer base and significant exposure to high-growth regions including the Middle East, Latin America, Africa and APAC.
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Paymentology’s strong customer relationships, ability to operate in various regulatory environments and management continuity further strengthen its position as a trusted global infrastructure partner. The company will use the capital to support the growth and innovation ambitions of its current and future customers, while expanding beyond core processing into adjacent areas including credit, stablecoin, tokens and AI-driven services. Paymentology supports customers in close to 70 countries, including leading FinTechs (for example: Safaricom’s M-Pesa, RedotPay, Rain, TrueMoney, ARQ, and many others), as well as some of the fastest growing neobanks in the world (such as GoTyme, Snappi, Wio Bank, D360, Albo, among others).
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Udayan Goyal, Founder and Managing Partner, Apis added:
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“As Apis 16 has invested in the global payments sector, this agreement reinforces our strong belief in the opportunity within issuer processing. This partnership represents a shared vision to accelerate the democratization of card issuance, expand access to digital financial infrastructure and expand to new areas and nearby capabilities. This is also an example of demonstrating business infrastructure, our business infrastructure proves how much money is issued. models that generate attractive benefits while driving measurable positive impact that demonstrates that long-term value creation and impact go hand in hand.”
