Paymentology has secured £130 million backing from two private equity firms.
Apis Partners and Aspirity Partners have invested in the London FinTech, which saw sales rise 117% in 2025.
The transaction brings together two investors with deep experience in the payments industry and a shared focus on advancing payments infrastructure. They believe that issuer processing represents one of the most significant opportunities in the sector.
Despite the global payments market being estimated at $49 trillion by 2026, much of the issuing layer remains constrained by legacy infrastructure, limiting innovation, speed and the quality of end-user payment experiences.
Paymentology is seeking to address this gap through a configurable cloud-native platform, enabling real-time processing at scale for clients across 68 countries and giving issuers the flexibility to launch, adapt and manage card and digital payment experiences more efficiently across markets.
“The future of finance is already here, but legacy infrastructure continues to hold back innovation,” said Jeff Parker, CEO. “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.”
Paymentology saw new sales rising 117% year-on-year in FY25 and transaction volumes increase by 65%. It says growth has been driven by strong demand from digital banks, embedded finance providers, digital asset-linked card programmes and expense management platforms, alongside established banks modernising legacy systems.
Joe O’Mara, founder and managing partner at Aspirity Partners, commented: “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.
“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.”
Matteo Stefanel, co-founder and managing partner at Apis, commented: “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.”
Udayan Goyal, Apis’s other co-founder and managing partner, added: “As the 16th investment Apis has made in the global payments sector, this deal reinforces our strong conviction in the opportunity within issuer processing.
“This partnership represents a shared vision to accelerate the democratisation of card issuance, broaden access to digital financial infrastructure and expand into new geographies and adjacent capabilities.
“This further exemplifies our approach of backing proven mission-critical infrastructure providers, capital‑light business models that generate attractive returns while driving measurable positive impact demonstrating that long‑term value creation and impact go hand in hand.”