“Can a rebranded legacy card processor become the global AI-first issuer processing platform for the full embedded finance stack — debit, prepaid, and credit — across 44+ countries?”
Founded in 2007 as Global Processing Services (GPS), Thredd was a foundational enabler of the first wave of fintech challenger banks, powering card issuing and processing for digital banks and fintechs across Europe and beyond. In 2023 the company rebranded to Thredd, signalling a strategic repositioning from a legacy processor identity toward a modern, AI-first issuer processing platform. In 2025 Thredd expanded beyond debit and prepaid into credit, partnering with LoanPro to deliver Credit-as-a-Service, completing its ambition to cover the full embedded issuing stack (debit, prepaid, credit) for fintechs and financial institutions globally.
Thredd processes payments through Thredd (self-operated).
Thredd's cards are issued through Thredd (self-operated) and Thredd on the Visa and Mastercard networks.
Thredd's lending and capital products are provided by LoanPro.
Thredd uses Currencycloud for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Thredd's stack: Payments / PSP (Thredd (self-operated)); Card issuing (Thredd (self-operated) and Thredd); Card network (Visa and Mastercard); Lending (LoanPro, Credit-as-a-Service (CaaS), Line of credit programmes, Credit origination and 3 others); FX & payouts (Currencycloud).
Thredd is founded in 2007 and headquartered in London, United Kingdom.
Get a read on where your own stack stands against Thredd and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.