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Thredd

Also a provider — view Thredd’s profile →

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?

Founded2007
HQLondon, United Kingdom
Latest roundBuyout/LBO
IndustryInfrastructure / Card issuing
The story

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.

Last 12 months
2024-03
2025-10
Product timeline
2007
Founded as Global Processing Services (GPS), a card issuer processor for fintechs and digital banks.· card
2012
GPS Apex platform established, becoming a key enabler for the rise of digital bank payment capabilities.· banking
2023
Rebranded from GPS (Global Processing Services) to Thredd; BigPay selects Thredd for Southeast Asia payment processing expansion.· pivot
2024
Appointed Jim McCarthy as CEO and Edwin Poot as Global CTO, signalling executive transformation and global expansion.· pivot
2025
Partnered with LoanPro to launch credit-as-a-service capabilities, entering the credit space with full lifecycle credit programme infrastructure.· lending
Regulated entities
1
regulatory licence held by Thredd
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Thredd’s embedded-finance stack
Payments / PSP
Thredd (self-operated)
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: none
12 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.