Paymentology Raises $175M in Major Funding Round
London, UK – Paymentology, a cloud-native issuer processing platform for banks and fintechs, has raised $175 million in a Series C funding round. The round was co-led by Apis Partners and Aspirity Partners, with participation from existing investors. The company plans to use the capital to expand its real-time card and payment processing technology globally.
The funding underscores the surging demand for modern payment infrastructure amid rapid digitization of financial services. Paymentology’s platform enables financial institutions to issue and process cards in real time, supporting everything from debit and credit cards to virtual cards and BNPL products.
“This investment validates our mission to empower banks and fintechs with the most advanced, cloud-native issuer processing technology on the market,” said James Booth, CEO of Paymentology. “With Apis and Aspirity’s backing, we can accelerate our product roadmap and bring real-time payments to more regions, especially in emerging markets.”
Read the Background section for more context on the company’s growth.
Background
Founded in 2015, Paymentology provides a cloud-native issuer processing platform that helps banks and fintechs modernize their card and payment offerings. The company processes over 1 billion transactions annually across 30+ countries, serving clients like Standard Chartered, Access Bank, and various digital-first fintechs.
Prior to this round, Paymentology raised a $45 million Series B in 2021 led by Apis Partners. The new funding brings total capital raised to over $250 million. The company has been profitable since 2019 and has seen 60% year-over-year revenue growth, driven by demand for real-time payments in Africa, Asia, and Latin America.
The payment processing sector has seen a flurry of investments, with competitors like Marqeta and Stripe also raising billions. However, Paymentology differentiates itself by focusing on emerging markets and offering a fully cloud-native, modular platform that can be deployed in weeks rather than months.
What This Means
This funding signals strong investor confidence in the future of real-time payment processing, especially in regions underserved by legacy infrastructure. The fresh capital will allow Paymentology to double down on product development, including AI-driven fraud detection and embedded finance capabilities.
“The $175 million raise puts Paymentology in a prime position to challenge incumbents like Fiserv and FIS,” said Maria Santos, a fintech analyst at Aite-Novarica Group. “Their cloud-native approach reduces operational costs for clients by up to 40%, which is a game-changer for banks looking to compete with agile fintechs.”
The investment also highlights growing interest from growth equity firms in payment infrastructure plays. Apis Partners, a specialist fintech investor, and Aspirity Partners, a global growth equity firm, both have deep expertise in scaling financial technology companies across borders.
Immediate next steps for Paymentology include expanding its engineering team, entering new markets like Brazil and Nigeria, and enhancing its API-first platform to support open banking standards. The company expects to double its customer base within two years.
For banks and fintechs evaluating payment processors, this development reinforces the importance of choosing a cloud-native, real-time solution. As consumer expectations for instant payments rise, legacy systems will struggle to keep up—and Paymentology aims to be the go-to provider for that transition.