Thredd

Thredd is a London-headquartered issuer processor founded in 2007 as Global Processing Services and rebranded to Thredd in April 2023. It is backed by Advent International, Viking Global Investors, Temasek and MissionOG, with Mastercard and Visa also on the register. Banks, fintechs and embedded finance providers use it when they want to run a card programme without building or certifying their own processing platform.

The platform handles card lifecycle and account management, real-time authorisation processing, tokenisation for Apple Pay and Google Pay, fraud monitoring, dispute handling and cardholder controls for physical and virtual debit, credit and prepaid cards. Thredd is certified by both Visa and Mastercard and works with BIN sponsors including Cross River Bank. It reports support for more than 325 million cards, over 2.5 billion transactions a year and coverage of 50-plus countries across APAC, Europe and the Americas. Named clients include Zilch, Pliant, Treezor and BigPay in Southeast Asia.

1. Issuer processing: real-time authorisation, clearing and settlement for debit, credit and prepaid, physical and virtual.

2. Card and account lifecycle: issuance, activation, replacement, PIN management and account hierarchies via API.

3. Tokenisation and wallets: provisioning of issued cards into Apple Pay and Google Pay for digital-first programmes.

4. Fraud and disputes: transaction monitoring, rule-based screening and dispute workflow inside the processing platform.

5. Coverage: 50+ countries across APAC, UK/Europe and the Americas; certified by Visa and Mastercard; BIN sponsor network.

6. Scale: over 325 million cards supported and more than 2.5 billion transactions processed a year.