Paymentology targets new growth areas with $175M investment

Paymentology, the global issuer-processing platform for banks and fintechs, has secured a $175 million investment co-led by Apis Partners and Aspirity Partners.

Founded to help financial institutions modernise payment issuing systems, Paymentology provides real-time card and payment processing technology for fintechs, digital banks and retail banks operating across multiple markets. The company says its platform addresses limitations associated with legacy issuer-processing systems, which continue to slow innovation and agility across parts of the global payments industry.

Its multi-cloud platform enables clients to adapt payment programmes across different regulatory and market environments while managing card and digital payment experiences in real time.

Jeff Parker, CEO of Paymentology, said legacy financial systems continue to create friction across the industry, adding that the company aims to help clients respond more quickly to changing 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.

Paymentology has seen continued growth across digital banking, embedded finance, digital asset-linked card programmes and expense management platforms, alongside established financial institutions modernising legacy systems. The company’s customer base is geographically diversified, with significant exposure to growth markets across the Middle East, Latin America, Africa and Asia-Pacific.

The investment will support Paymentology’s international expansion, product development and team growth as demand increases for cloud-native issuer processing technology. The company said the funding will also support expansion into areas including credit, stablecoin infrastructure, tokenisation and AI-driven financial services.