Company profile
Paymentology Limited
Paymentology Limited (Paymentology) is a United Kingdom-registered financial technology company providing cloud-native card issuance and issuer-processing infrastructure to financial institutions, digital banks, fintechs, and telecommunications companies worldwide. The company was formed in December 2021 through the merger of Paymentology UK, founded in 2015 and headquartered in London, and Tutuka, a South African issuer-processor with roots dating to 1998. Paymentology operates as a subsidiary within the Teya Group, ultimately owned by Teya Holdings Ltd. The platform supports the issuance and processing of Mastercard, Visa, and UnionPay debit, prepaid, credit, and virtual card programmes across 68 countries and 14 time zones, and serves clients including M-Pesa by Safaricom, Wio Bank, GoTyme, and D360.
- Sector
- Financial services / Payments Infrastructure
- Markets
- Kenya, South Africa
- Founded
- 2015
- Ownership
- Private
- Stage
- Scale-up
- Capital raised
- $175m
- Employees
- 201-500
- Business model
- B2B Transactional, Subscription
Products and services
Card Issuance Platform (debit, prepaid, credit & virtual), Issuer Processing, Tokenisation Services, BIN Sponsoring, PayCredit (credit ledger platform) & Real-Time Reporting & Analytics
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 12 May 2026 | Apis Partners and Aspirity Partners invest in Paymentology's issuer-processor operations for USD 175 million | Private Equity | $175m | Kenya |
Source: Partner Researchers.