London-based issuer-processor Paymentology has announced an investment of £129.3 million. The funding round was co-led by Apis Partners, a private equity firm specialising in financial services, and Aspirity Partners, a firm focused on financial technology and enterprise services.
The capital will be used to support the international growth of Paymentology, enhance its product range and expand its workforce. The company operates a cloud-native platform that facilitates real-time processing for clients in 68 countries, aiming to replace legacy infrastructure that currently limits the speed of payment innovation.
The firm reports that new sales increased by 117% year-on-year in the 2025 financial year, with transaction volumes rising by 65%. This growth has been supported by demand from digital banks, fintechs and established financial institutions looking to modernise their systems. The company has a particular presence in high-growth regions such as Africa, Latin America, the Middle East and Asia-Pacific.
In addition to its core processing services, the company intends to use the new funds to expand into adjacent sectors. These include credit services, stablecoins, tokenisation and services driven by artificial intelligence. Paymentology currently supports various fintech firms and neobanks, including M-Pesa by Safaricom and Wio Bank.
Jeff Parker, CEO at Paymentology, said: “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. 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.”
Image source: Paymentology
