Thredd provides a cloud‑native, multi‑tenant issuer processing platform that consolidates card issuance, transaction processing, programmable controls, and fraud detection into a single API‑driven service. The platform supports instant provisioning of physical, virtual, prepaid and credit cards, tokenisation for digital wallets, and real‑time risk analytics, enabling fintechs and platform businesses to launch and scale card programmes with minimal integration effort.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions and platform businesses often face fragmented infrastructure for card issuance, payment processing, and risk management, leading to high integration costs, operational bottlenecks, and limited scalability across regions. Without a unified issuer processing layer, expanding card programmes or launching new payment products can require extensive custom development and manual back‑office work.
Solution
Thredd delivers a cloud‑native, multi‑tenant issuer processing platform that consolidates card issuance, transaction processing, programmable card controls, and fraud detection into a single API‑driven service. The platform supports instant provisioning of physical, virtual, prepaid and credit cards, as well as tokenised digital‑wallet representations for Apple Pay, Google Pay and other mobile wallets. Real‑time transaction routing and 3‑D Secure authentication ensure compliance with PCI DSS and PSD2 regulations while minimizing latency. Integrated risk‑engine analytics and automated back‑office modules provide near‑real‑time reconciliation, scheme reporting and fee optimisation, reducing manual effort and operational risk. Developers can access comprehensive REST and SOAP APIs, sandbox environments, and continuous deployment pipelines, enabling rapid product iteration and global expansion without extensive infrastructure overhead.
Target Audience
Fintechs, digital banks, neobanks, and platform businesses (e.g., travel, gaming, expense‑management) that require end‑to‑end card programmes and scalable payment processing capabilities.
Features
- RESTful and SOAP Cards API with full CRUD support for card lifecycle management, including bulk issuance and on‑demand virtual card generation.
- Real‑time card provisioning (≤200 ms) for physical, virtual, prepaid and credit cards, with configurable BIN sponsorship and multi‑issuer connectivity (Visa, Mastercard, 95+ partners).
- Programmable card controls: spend limits, velocity rules, merchant category restrictions, instant freeze/unfreeze, and single‑use token generation.
- Built‑in tokenisation service for seamless integration with Apple Pay, Google Pay, and custom token requestors, protecting PAN data.
- Advanced fraud detection suite featuring 3‑D Secure (Cardinal/Apata), machine‑learning risk scoring, and automated dispute management.
- Automated back‑office suite delivering transaction reconciliation, scheme fee analysis, QMR/QOC reporting, and treasury visibility with near‑real‑time data feeds.
- Scalable microservice architecture with zero‑downtime deployments, centralized configuration, and multi‑region cloud hosting for global latency optimization.
- Developer sandbox, sandbox API keys, live code snippets, and extensive technical documentation to accelerate integration cycles.