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Request a free consultation
THREDD Payments processing, perfected.
THREDD
Company Overview.
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.
Configure card parameters, spending limits, and control rules through APIs for precise program management.
Case study with Tap shows prepaid Mastercard integration for crypto payments.
Handle authorization, settlement, and clearing with 24/7 support and real-time transaction monitoring for reliable card program operations.
Sandbox environment available for testing, with Cards API and technical docs for rapid integration.
Support for global card programmes across 47+ countries with local currency settlement options.
Allow end users to manage where, how, and when cards are used.
Additional Features.
Partner Cards.
General Questions.
Thredd (formerly GPS) is a card issuer processor that provides the infrastructure for fintechs and crypto companies to launch card programs. They handle the technical processing, authorization, and settlement for Visa and Mastercard cards.
Major fintechs including Revolut, Starling Bank, Curve, Zilch, and crypto companies like Tap. Over 100 clients across 47+ countries.
Yes, FCA authorized in the UK with regulatory approvals in other operating jurisdictions. PCI DSS compliant.
Supports stablecoin integration for crypto card use cases. Partnered with Reap to explore blockchain integration for card payments.
