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Paymentology Secures $175 Million Growth Investment Co-Led by Apis and Aspirity

The deal signals private equity’s bet on cloud-based card issuing.

Overview

  • Paymentology, which announced the deal Tuesday, secured $175 million co-led by Apis Partners and Aspirity Partners.
  • The company said it will use the funds for international expansion, product development, team growth, and moves into credit, stablecoins, tokenisation, and AI services.
  • Apis invested through Growth Fund III in its 16th payments deal, and Aspirity called it the first investment from its inaugural fund.
  • Paymentology reported FY25 new sales up 117% and transaction volumes up 65% as it serves clients in about 68 to 70 countries.
  • The platform lists more than 400 clients and over one billion enabled transactions across 60-plus countries, addressing a market that industry estimates put near $49 trillion by 2026.