Apis Partners
Pan-African growth VC; co-led Paymentology's raise, its 16th payments investment.
Last refreshed: 13 May 2026 · Appears in 1 active topic
Timeline for Apis Partners
Co-led Paymentology $175m round as its sixteenth payments-sector investment
UK Startups and Innovation: Paymentology raises $175m for card issuance expansion- Who led the Paymentology $175m fundraise?
- Apis Partners and Aspirity Partners co-led the $175m raise, with Apis describing it as its 16th investment in payments infrastructure.Source: Lowdown uk-startups-and-innovation U#4
- What does Apis Partners invest in?
- Apis Partners is a London-based growth equity firm focused on financial services across Africa, South Asia, and Southeast Asia, managing over $2bn in AUM.Source: Apis Partners
- How many payments companies has Apis Partners invested in?
- Paymentology in May 2026 was Apis Partners' 16th investment in the payments sector.Source: Lowdown uk-startups-and-innovation U#4
Background
Apis Partners co-led the $175m raise for Paymentology in May 2026 alongside Aspirity Partners, marking Apis's 16th investment in payments infrastructure. Paymentology operates card-issuance processing software across more than 50 countries, with Africa and emerging markets forming its growth corridor; the match to Apis's geographic mandate is a structural fit.
Apis Partners is a London-headquartered growth-equity firm founded in 2014, focused on financial services and adjacent sectors across Africa, South Asia, and Southeast Asia. It manages over $2bn in AUM and backs companies at Series B through growth stages, typically in payments, insurance, credit, and embedded finance. Founding partners include Matteo Stefanel and Udayan Goyal, both with backgrounds in emerging-market financial services. Apis has backed companies including Jumo, Yoco, and Mifin across its portfolio.
For Apis, Paymentology represents a mature emerging-market payments infrastructure play with regulatory approvals already in place across 50-plus markets — a configuration that takes years and significant capital to replicate. The co-lead position alongside Aspirity Partners, a newer vehicle, gives the round both the credibility of a specialist growth firm and the conviction of an additional institutional co-investor.