London-based fintech Paymentology has secured a $175 million (around £130 million) private equity investment to fund its next phase of global growth. The round was co-led by Apis Partners and Aspirity Partners.
Paymentology, founded in 2015 and headquartered in London, is an issuer-processor that helps fintechs, digital banks and retail banks launch and run card programmes globally. The company operates across 68 countries, has more than 500 employees, and has processed over one billion transactions to date, according to its website.
The capital will go towards continued international expansion, product development and team growth.
How much did Paymentology raise?
The investment totals $175 million, which converts to roughly £129.4 million at current rates. UK trade publications have reported the figure as £130 million backing from two private equity firms, Apis Partners and Aspirity Partners.
For Apis, the deal was made through Apis Growth Fund III and represents the firm's 16th payments investment. For Aspirity, this is the first deployment from its inaugural fund.
Why did investors back Paymentology now?
The numbers behind the raise are unusually strong for a private-equity round in the current market. New sales rose 117% year-on-year and transaction volumes grew 65% in FY25.
Paymentology attributes that growth to demand from digital banks, embedded finance providers, digital asset-linked card programmes, and expense management platforms. Established banks modernising legacy systems have also been a driver.
The client base reflects that mix. Paymentology powers payments for fintech brands including M-Pesa by Safaricom, RedotPay, Rain, and TrueMoney, alongside neobanks such as GoTyme, Wio Bank, D360, and Albo.
What does Paymentology actually do?
Paymentology runs a cloud-native, configurable platform that lets issuers spin up and manage card and digital payment programmes across multiple markets. The pitch is real-time processing at scale, which is something most legacy issuer-processing systems were never designed for.
The global payments market is estimated at $49 trillion by 2026, but much of the issuing layer still runs on infrastructure built decades ago. Paymentology is positioning itself as the modern alternative.
CEO Jeff Parker put it this way in the announcement: "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."
Matteo Stefanel, Co-Founder and Managing Partner at Apis, added: "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."
Joe O'Mara, Founder and Managing Partner at Aspirity Partners, said the firm sees Paymentology as "the kind of category-leading platform we look to back: modern technology, global relevance and strong exposure to long-term growth in digital payments."
What does this mean for UK founders?
This round is one of the largest UK fintech raises of 2026 so far, and it lands in a sector that had a tougher year in 2025. UK fintech funding fell 21% year-on-year to $3.0 billion in the first nine months of 2025, per Tracxn data covered in our UK tech funding analysis.
A nine-figure round into a profitable, growing payments infrastructure company tells you where the smart money is going right now. Investors are favouring B2B fintech with real revenue, real customers, and a clear path to global scale over the consumer fintech stories that defined the previous cycle. That is also why we have seen rounds like Bracket's $7 million seed for AI-enabled treasury management close in the same window.
For founders building in payments, banking infrastructure, or embedded finance, the Paymentology raise is a useful reference point. The company spent a decade building a cloud-native platform before this round arrived. Patience and product depth still matter. As we noted in our breakdown of the UK fintech unicorn factory, the strongest UK fintech outcomes have come from companies that own a single layer of the stack and execute on it for years.
It also confirms that London remains the European capital for global payments infrastructure. The city's regulatory environment, talent pool, and proximity to both European and Middle Eastern markets continue to give UK-headquartered fintechs an advantage when scaling internationally.
