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Thredd

Provider
Card Issuing

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 10 companies across 1 category.

thredd.ai ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesCard Issuing
Rank#15 of 227 in Card Issuing
Buyers10 companies
HeadquartersLondon, United Kingdom
Founded2007

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Founders & story · from Thredd’s own dossier

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.

Latest round: Buyout/LBO
Recent developments
  • 2024-03Edwin Poot appointed as Global CTO, joining from Dayrize; previously VP of Product at Nubank and strategic advisor at Paxos. source ↗
  • 2025-10Thredd announced partnership with LoanPro to power next-generation credit capabilities, marking entry into the credit-as-a-service space. source ↗
  • 2023-04-01GPS (card processor) rebranded as Thredd source ↗
  • 2024-03-01Entered the US debit and credit card processing market. source ↗
Full dossier: Thredd’s own stack, layer by layer →
Who uses Thredd
10 companies disclose Thredd in their stack
Allica BankFidooLianLian GlobalTranscardCurrencies DirectBigPayANNA MoneyCurrenseaMoorwandAdvent
Buyer mix · 10 of 10 classified
Fintech / Cross-border payments · 3Bank / National · 1Fintech / Investment · 1Fintech / Neobank · 1Fintech / SMB banking · 1Horizontal SaaS / Spend Management · 1Infrastructure / BaaS · 1Infrastructure / Payments · 1
UK · 4APAC · 2US · 2EU · 1Canada · 1
What the disclosures say
Allica Bank
“Thredd publicly lists Allica Bank as a customer (thredd.com/clients-stories/allica-bank).”
Fidoo
“Thredd publicly lists Fidoo as a client (https://www.thredd.com/clients-stories), indicating Thredd is the card processing/issuing processor.”
View source · thredd.com ↗
LianLian Global
“Thredd publicly lists LianLian Global as a customer at thredd.com/clients-stories/lianlian-global-case-study — TIER 1 known customer listing confirming Thredd as card issuing processor.”
Transcard
“Thredd publicly lists Transcard as a customer (TIER 1 known_customer_listings).”
Currencies Direct
“Thredd publicly lists Currencies Direct as a customer on its website (https://www.thredd.com/clients-stories/currencies-direct), confirming Thredd as card issuing processor for the Mastercard multi-currency debit card.”
View source · thredd.com ↗
BigPay
“fintechfutures.com (Oct 2023): 'Southeast Asia's BigPay taps Thredd to power payment processing'. bigpayme.com/more/legal-singapore: 'BigPay prepaid card is issued by BigPay pursuant to a license by VISA Worldwide Pte Ltd'. bigpayme.com/more/legal-malaysia: BigPay Malaysia Sdn Bhd is the issuer.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Thredd? Claim this profile above to unlock your own full list.
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What Thredd runs on · from its own dossier
The third-party providers Thredd itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Thredd.
Card Network
VisaMastercard
Lending
LoanPro
FX / Payouts
Currencycloud
Full dossier with evidence for each layer →
Alternatives to Thredd

Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Marqeta66 buyers →Stripe Issuing32 buyers →Enfuce25 buyers →Paymentology23 buyers →Sutton Bank21 buyers →Pliant20 buyers →Galileo19 buyers →i2c17 buyers →
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Ranked #15 of 227 in Card Issuing — Embedded Finance Index 2026
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Thredd — frequently asked

Which companies use Thredd?

10 companies are linked to Thredd in the Embedded Finance Index 2026, through their own public disclosures or Thredd's published customer list, including Allica Bank, Fidoo, LianLian Global, Transcard, Currencies Direct, BigPay, ANNA Money, Currensea, Moorwand and Advent.

What does Thredd do?

Thredd is an embedded-finance provider in Card Issuing. It ranks #15 of 227 Card Issuing providers by linked companies.

What are the alternatives to Thredd?

The most-named Card Issuing alternatives to Thredd are Marqeta (66 buyers), Stripe Issuing (32 buyers), Enfuce (25 buyers), Paymentology (23 buyers), Sutton Bank (21 buyers) and Pliant (20 buyers).

Where is Thredd headquartered?

Thredd is founded in 2007 and headquartered in London, United Kingdom.

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