Description.
Thredd (formerly Global Processing Services) is a leading global payment technology platform and card issuer processor. Founded in 2007 and headquartered in London, UK, Thredd processes billions of Visa and Mastercard transactions annually across 47+ countries worldwide. The company provides API-first card issuing infrastructure, payment processing, and card controls to over 100 clients including major fintechs such as Revolut, Starling Bank, Curve, and Zilch. Thredd is a principal member of Mastercard's Fintech Express Programme and maintains a strategic partnership with Visa, who made a strategic investment in the company in 2020. The platform is FCA authorized in the UK and holds PCI DSS compliance across all operating markets.
Thredd has emerged as a key infrastructure provider for the crypto ecosystem, enabling crypto companies to launch card programmes with instant crypto-to-fiat conversion. The company powers Tap's crypto payment solution using prepaid Mastercard and has partnered with Reap to explore stablecoin integration for card payments. Thredd raised over $400 million in funding in 2022 from Advent International, Viking Global Investors, and Temasek, valuing the company at over $1 billion. The rebrand from Global Processing Services to Thredd in April 2023 reflects the company's position as a payments partner for innovators across fintech, crypto, and embedded finance.
Key Infrastructure.
Card Issuing
Full-service card issuance platform supporting physical, virtual, and tokenized cards. Configure card parameters, spending limits, and control rules through APIs for precise program management.
Crypto Card Integration
Enable crypto companies to launch card programs with instant crypto-to-fiat conversion. Case study with Tap shows prepaid Mastercard integration for crypto payments.
Issuer Processing
Process Visa and Mastercard transactions globally. Handle authorization, settlement, and clearing with 24/7 support and real-time transaction monitoring for reliable card program operations.
API-First Platform
Developer-friendly APIs and comprehensive documentation. Sandbox environment available for testing, with Cards API and technical docs for rapid integration.
Multi-Currency Cards
Issue cards in multiple currencies enabling cross-border spending. Support for global card programmes across 47+ countries with local currency settlement options.
Card Controls
Real-time spend controls, transaction notifications, card freezing, and customer data analytics. Allow end users to manage where, how, and when cards are used.
Additional Features.
Stablecoin Integration
Partners with Reap and others to integrate stablecoins into card infrastructure for faster settlement and improved liquidity.
Global Network
Strong relationships with card schemes, issuers, card manufacturers, and banking partners. Access to extensive services across 47+ countries worldwide.
Mastercard Partnership
Longstanding Mastercard partnership through Fintech Express Programme, supporting next-generation payments technology innovation.
Flexible Configurations
Highly customizable card programs tailored to client needs. Custom programmes for digital banking, expense management, travel, and crypto use cases.
Visa Investment
Received strategic investment from Visa in 2020, demonstrating card network endorsement of their platform capabilities and market position.
Credit Platform
Offer credit card platform capabilities in addition to debit and prepaid. Support for credit programmes with appropriate risk management frameworks.
