Apr 12, 2021

SaltPay acquires Paymentology and Tutuka

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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”.

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