Paymentology has secured a $175 million investment co-led by Apis Partners and Aspirity Partners to support global expansion, product development, and team growth. The investment, made in part through Apis Growth Fund III, marks Apis’ 16th investment in the payments sector.
The company operates a cloud-native issuer-processing platform that helps fintechs, digital banks, and financial institutions launch and manage card and digital payment programs across markets. Paymentology said its platform supports clients in close to 70 countries, including M-Pesa by Safaricom, RedotPay, Rain, GoTyme, Snappi, and Wio Bank.
The funding comes as payments companies continue to update the infrastructure behind card issuing and digital transactions. Paymentology cited a global payments market estimated at $49 trillion by 2026, while noting that much of the issuing layer remains constrained by legacy systems. The company said its platform is designed to give issuers more flexibility to launch, adapt, and manage payment experiences across different countries and regulatory environments.
Paymentology also reported a 117% year-over-year increase in new sales in fiscal year 2025 and a 65% rise in transaction volumes. The company said growth was driven by demand from digital banks, embedded finance providers, digital asset-linked card programs, expense management platforms, and established banks modernizing older systems.
The company plans to use the capital to expand beyond core issuer processing into adjacent areas including credit, stablecoin, tokenization, and AI-driven services. CEO Jeff Parker said legacy infrastructure continues to hold back innovation, adding that Paymentology aims to help digital banks, fintechs, and financial institutions launch and expand card programs with greater speed and control.
