Issuer processing partner
Open for applications
Issuer processing partner
201-500 employees
Open for applications
201-500 employees
To transform the world through true partnerships and smart payments to revolutionise the future of finance, together.
Embedded banking, or Banking-as-a-Service, has been a major driver of the fintech explosion. It allows challengers and smaller players to rapidly incorporate novel financial products and infrastructure without building from scratch - and major players to keep pace with increasing consumer demand for fintech services. Thredd (formerly Global Processing Services) focuses on paytech, with a tranche of services including major areas like payments, wallets, fraud prevention, and crypto management.
This diverse offering across high-growth fintech sectors has helped Thredd draw in hefty funding, and key clients across the key fintech markets of Europe, Asia-Pacific, and the Middle East, including Revolut, Curve, Cape, and Starling Bank.
This shows quite how far Thredd has managed to capture significant market penetration, which has given it the resources to continue building out key new products. With more non-fintech businesses looking to leverage the benefits of embedded banking, this could see Thredd expand into further markets such as insurance and loans. Certainly, Thredd has both the momentum and the valuation to take the plunge into other lucrative verticals.
Freddie
Company Specialist at Welcome to the Jungle
Jan 2022
$100m
LATE VC
Oct 2021
$300m
LATE VC
Holborn, London, UK
Kevin Schultz
(CEO)Spent over a decade in various Executive VP positions at Visa, then Global Payments Inc. Has also held President roles at First Data Corporation and Fiserv.
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