Apis and Aspirity invest $175M in Paymentology

The push to modernize aging payments infrastructure has attracted two specialist financial technology investors to Paymentology.

Apis Partners and Aspirity Partners co-led a $175 million investment in the London-based issuer-processing platform, backing the company’s international expansion and product roadmap.

Paymentology provides a highly configurable, cloud-native platform that supports real-time card issuance and payment processing at scale.

It serves digital banks, fintechs, embedded finance providers, and traditional financial institutions across 68 countries, with clients that include M-Pesa by Safaricom, GoTyme, Wio Bank, and TrueMoney.

The deal represents the 16th payment sector investment for Apis Partners, which deployed capital from its Apis Growth Fund III.

Aspirity Partners, a pan-European firm focused on fintech and enterprise technology, is investing from its inaugural fund.

Both firms plan to draw on their payments expertise to support Paymentology’s push into adjacent capabilities such as credit, stablecoin issuance, tokenization, and AI-driven services.

Paymentology recorded 117% year-over-year new sales growth in fiscal 2025 and a 65% increase in transaction volumes.

The company points to demand from digital banks, digital asset-linked card programs, expense management platforms, and legacy banks upgrading their systems as key tailwinds.

CEO Jeff Parker and the existing management team remain in place.