Incore Invest acquires PaymentIQ from Worldline

By Vriti Gothi

Incore Invest has agreed to acquire CoreOrchestration AB, the Swedish software company behind the PaymentIQ payment orchestration platform, from payments group Worldline in a nine-figure carve-out transaction. The deal is expected to close in the first quarter of 2026, subject to customary conditions.

Founded in 2014, CoreOrchestration generates approximately €50 million in annual revenue and has reported consistent growth supported by what the company describes as strong unit economics. Following completion, the business will operate as an independent company under the ownership of Incore Invest, transitioning out of Worldline through a formal carve-out process.

The acquisition underscores continued investor interest in payment orchestration technology, as merchants face increasing complexity across payment providers, geographies and regulatory environments. PaymentIQ operates as a software-as-a-service platform that allows merchants to manage and optimise payment flows through a single integration, connecting to more than 260 payment service providers globally. The model is designed to reduce the operational burden of adding new providers, support market expansion and improve checkout performance.

Nicolai Chamizo, founder and chief executive of Incore Invest, said, “The firm sees significant long-term potential in the business as a standalone company. PaymentIQ is a proven and highly scalable platform with an exceptional breadth of integrations. As a standalone company, we believe CoreOrchestration can increase speed and agility, and we look forward to supporting the team as they build the next phase of growth.”

For Worldline, the divestment forms part of its broader “North Star” transformation programme, aimed at simplifying operations and sharpening strategic focus. Spinning out CoreOrchestration is expected to allow the unit to invest and execute more independently than within a large, diversified payments group.

The transaction comes at a time when merchants across Europe and other regions are re-evaluating their payment infrastructure amid rising performance expectations, cross-border expansion and growing reliance on multiple providers. Incore Invest said it intends to work closely with the CoreOrchestration team to strengthen product execution and accelerate the platform’s roadmap as payment orchestration becomes an increasingly central layer in modern commerce.