Paymentology raises $175m to scale global payments infrastructure

By Aarav Garg

Paymentology has raised $175 million in a funding round co-led by Apis Partners and Aspirity Partners, as the issuer-processing provider looks to expand its global payments infrastructure business and accelerate product development.

The investment will support Paymentology’s next phase of growth, including international expansion, platform enhancements and team development, as demand continues to grow for cloud-native issuer processing platforms. The company currently supports clients across 68 countries, providing real-time processing infrastructure for card and digital payment programmes.

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.”

The deal brings together two investors with experience in payments and financial infrastructure. Apis described the transaction as its 16th investment in the payments sector through Apis Growth Fund III, while both investors are expected to support Paymentology’s growth through sector expertise and international networks.

Udayan Goyal, Co-Founder and Managing Partner, Apis, 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.”

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.”

Paymentology said it plans to use the new capital to expand beyond core issuer processing into adjacent areas including credit, tokenisation, stablecoins and AI-enabled services. The company works with fintechs and digital banks across regions including the Middle East, Africa, Latin America and Asia-Pacific, reflecting continued investment in payments infrastructure across high-growth markets.