SaltPay acquires Paymentology and Tutuka

5 months ago

Paymentology, has strengthened its offering by joining forces with fintech SaltPay and Tutuka and appointing a new CEO, Abe Smith. Shane O’Hara, Paymetology founder, will focus on the technology side of the business as CTO.

Paymentology is an issuer-side processor, enabling tier-1 and challenger banks to deliver a advanced customer experience through data analytics. Its cloud-agnostic platform has supported some of the world’s leading retail and digital banks, including Revolut and Standard Chartered’s Mox Bank. SaltPay is a fintech transforming the way small-to-medium sized merchants manage payments.

Tutuka and Paymentology’s complementary expertise across fintechs and banks will allow them to better service their customers and drive real financial inclusion by enabling their consumers the chance to pay with a physical, virtual or digital card, often for the very first time.

Tutuka and Paymentology will remain separate companies and will collaborate across their respective teams and clients in more than 50 countries.

To support Paymentology’s vision to reinvent the issuer/customer relationship, the firm has appointed Abe Smith as its CEO. Abe brings over 25 years of experience in leadership roles at B2B fintech SaaS growth companies.

Abe Smith, CEO at Paymentology, said: “Joining forces with Tutuka and SaltPay gives us access to incredible complementary resources which will help drive our journey to disrupt the $40bn issuer processing market.”

Tutuka CEO, Rowan Brewer added: “We’re excited to be joining this journey with SaltPay and Paymentology, to expand our service to clients and reach our ambition of processing across more than 100 countries. As management, we are proud to remain as shareholders”.

About Paymentology

Paymentology runs multiple issuer payment card processing platforms across the world, spanning Mastercard, Visa and UnionPay networks. We are recognised as the leading innovator in the sector. We specialise in: Replacing legacy Issuer card processing, Provision of cloud & data centre based processing, Direct transaction injection into bank GL, Delivery of rich card spend datasets to bank, Enablement of very latest cardholder spend controls, and Support of Debit, Credit and Pre-Paid card programmes.