Paymentology
London cloud-native card issuance platform in 70 countries; raised $175m May 2026.
Last refreshed: 13 May 2026 · Appears in 1 active topic
How does a London fintech issue cards in 70 countries without public money?
Timeline for Paymentology
Raised $175m co-led by Apis Partners and Aspirity Partners for global expansion into credit, stablecoins and tokenisation
UK Startups and Innovation: Paymentology raises $175m for card issuance expansion- What does Paymentology do and where does it operate?
- Paymentology provides cloud-native card and digital payment issuance infrastructure to banks and fintechs across approximately 70 countries, without requiring customers to build their own processing systems.Source: Paymentology
- How much has Paymentology raised and who are its investors?
- Paymentology raised $175m on 12 May 2026, co-led by Apis Partners and Aspirity Partners, with no prior public capital on the cap table.Source: Lowdown
- Is Paymentology moving into stablecoins?
- Yes. The $175m round funds expansion into credit, stablecoins, tokenisation, and AI-driven services, positioning Paymentology ahead of MiCA's stablecoin and e-money token rules.Source: Lowdown
Background
Paymentology raised $175m on 12 May 2026, co-led by Apis Partners (its sixteenth payments-sector investment) and Aspirity Partners. The company operates a cloud-native card and digital payment issuance platform across close to seventy countries, enabling banks and fintechs to issue physical and virtual cards without building proprietary processing infrastructure. In FY25, new sales grew 117% year-on-year and transaction volumes rose 65%. Paymentology entered the round with no public capital on its cap table.
Funds from the round will expand Paymentology into credit, stablecoins, tokenisation, and AI-driven services. The credit expansion is significant: card issuance platforms that process debit payments can extend to credit with relatively modest incremental infrastructure, and the stablecoin move positions Paymentology ahead of MiCA's stablecoin framework taking full effect in the EU.
Apis Partners' sixteenth payments investment in Paymentology signals a high-conviction specialist doubling down rather than a generalist entering the sector. The $175m raise, from a business with 117% new-sales growth and no prior public capital, is the clearest evidence in this briefing cycle that London fintech companies can access large private rounds without government backing — a counterpoint to the BBB-heavy deals in biotech.