Carta Worldwide

What Carta Worldwide does

Carta Worldwide is a financial technology company that provides card issuing and payment processing infrastructure for fintech platforms, neobanks, and financial institutions. Founded in 2008 and headquartered in London (European HQ at 3 Bunhill Row) and Toronto (North American HQ at 401 Bay Street), the company operates as a private subsidiary of Canadian-listed Mogo Inc. (NASDAQ:MOGO, TSX:MOGO). Carta serves enterprise fintechs, challenger banks, corporate payment programs, lending platforms, crypto and investing platforms, and public-sector clients across more than 35 countries with active card programs and a stated client footprint of 40+ countries.

The company's core product is the Carta Card Issuance Platform, a modern, API-first issuer processing platform built specifically for fintech from the ground up. The platform exposes 129 account-based and 245 card-based APIs, converts legacy ISO 8583 messages into JSON for easier integration, and supports the issuance of physical, virtual, and tokenized debit, prepaid, and credit cards. Complementary capabilities include dynamic transaction controls, real-time authorization, multi-layered multi-wallet and sub-ledger management, settlement, and the rules-based Carta Worldwide Fraud Portal. The platform is certified as a processor by both Visa (Visa Ready, 2021) and Mastercard and is PCI-DSS compliant.

Carta generates revenue through three streams: transaction processing fees on card volume (the company processed $2.5B in payments volume in Q2 2023, up over 50% year-over-year, and $2.7B in European transaction volume in Q1 2026), recurring platform/subscription fees structured as either flat per-card rates or transactional account-based pricing, and professional services for implementation and optimization. Go-to-market is hybrid: direct enterprise sales via regional VPs in EMEA and North America, an API documentation and sandbox for developer-led evaluation, and a partner ecosystem spanning BIN sponsors, KYC providers (W2), FX providers (Currencycloud), payment specialists (Acquired), and regional partners (Easy EP). Notable customers include Wise, Pluxee (Sodexo), Monavate, Payfare, Berkeley, Hyperjar, Brightside, Allpay, Satchel, Novum, and the NHS.

Name

Carta Worldwide

Legal name

Carta Solutions Holding Corp.

Website

https://cartaworldwide.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Carta Worldwide provides API-first card issuing and payment processing infrastructure for fintechs, neobanks, and banks. Its platform supports physical, virtual, and tokenized debit, prepaid, and credit card programs across 35+ countries, with notable customers including Wise and Pluxee.

Ownership category

akta.pro rank

Product category

Payment Processing Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Card Issuing Platforms (Issuer Processing) (FSAGABAD)

Keywords

• Issuer processing
• Card issuing platform
• Payment processing infrastructure
• Fintech API platform
• Embedded finance

Headquarters

HQ city

Oakville

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Processing Fees: Revenue generated from processing card transactions including debit, prepaid, and credit card payments. The company processes billions in transaction volume annually across multiple countries.
2. Platform/Subscription Fees: Flexible pricing models that can be tailored to each fintech proposition. Processors typically work on flat rate models (standard cost per card) or transactional models based on accounts and transactions per month.
3. Professional Services: Implementation, consulting, and support services to help clients configure and optimize their card programs.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Carta Worldwide provides a modern, API-first issuer processing platform that enables fintech companies and financial institutions to issue physical, virtual, and tokenized payment cards (debit, prepaid, and credit). Its platform delivers card issuance, real-time transaction authorization, settlement, fraud management, multi-wallet/sub-ledger tools, and connectivity to Visa and Mastercard networks across more than 35 countries, replacing legacy ISO 8583 messaging with a JSON-based, modular architecture.

Product overview

Carta Worldwide is a modern issuer processing platform that provides the infrastructure for fintech and payment businesses to build and manage payment systems. The core offering is the Carta Card Issuance Platform supporting physical, virtual, and tokenized card issuance, along with payment switching and routing services. The Carta Worldwide Fraud Portal adds fraud detection capabilities through rules-based algorithms. The platform is certified as a Visa and Mastercard processor with active card programs in over 35 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Carta Card Issuance Platform Modern API-first issuer processing platform that enables fintechs and banks to issue physical, virtual, and tokenized debit, prepaid, and credit cards with modular configuration, real-time authorizations, dynamic spending controls, settlement, and connection to global card networks.
• Carta Worldwide Fraud Portal Rules-based fraud monitoring and mitigation tool that analyzes transaction patterns to generate alerts or auto-suspend cardholder accounts, configurable by client-defined rules with email notifications.

Quantifiable outcome

• $2.7 billion European transaction volume processed in Q1 2026, up 12% year-over-year
• +2 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core, flagship and supporting.

• Oracle Cloud InfrastructurecoreTechnology or Integration · 19 October 2023Multi-year agreement where Oracle Cloud Infrastructure (OCI) provides the cloud infrastructure to accelerate Carta's innovation and support future growth. OCI offers higher availability, scale, agility, and velocity to support significant increases in payments volume and new clients.
• W2coreTechnology or Integration · 20 September 2022W2, a leading provider of regulatory compliance software, partnered with Carta Worldwide. Both organizations share target clients and core strategy of ensuring fintechs have tools needed to get to market quickly. Partnership enables joint approach to prospects and expanded reach.
• Easy EPflagshipGTM or Marketing Partner · 8 September 2022Easy EP, a leading financial payment and technology enabler in Spain, selected Carta Worldwide to underpin its new card offering. Carta provides issuer processing services connecting Easy EP to Visa's payment network. Partnership enables Easy EP to offer white-labelled prepaid card products across Europe.
• AcquiredcoreTechnology or Integration · 24 March 2022Acquired partnered with Carta to offer market-leading issuing and payment processing services. Acquired's data-driven payment solutions include Account Updater, real-time notifications, and dispute management. Carta provides modern card issuing platform with flexible APIs.
• CurrencycloudsupportingTechnology or Integration · 12 May 2020Currencycloud partnered with Carta Worldwide to add greater transparency to international card payments, enabling cross-border payment capabilities.
• VisacoreTechnology or IntegrationCarta is certified as a Visa processor with active card programs. Visa provides the payment network that Carta connects issuers to for card transactions.
• MastercardcoreTechnology or IntegrationCarta is certified as a MasterCard processor with active card programs. MasterCard provides the payment network infrastructure for Carta's card issuing services.
• BIN SponsorscoreTechnology or IntegrationBIN sponsors work with Carta to issue BIN ranges so companies can offer payment solutions. This is the fastest way to gain access to major card schemes without joining directly.
• KYC/KYB ProviderscoreTechnology or IntegrationKnow Your Customer and Know Your Business providers help fintechs meet legal requirements for identifying customers and assessing money laundering risks during onboarding.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Marqeta: Publicly traded modern card-issuing platform serving fintechs and banks with API-first issuance. Most direct competitor to Carta Worldwide; comparable target customer base, technology stack and use cases (debit, prepaid, credit, virtual and physical cards).
• Galileo Financial Technologies: Issuer processing platform owned by SoFi, providing APIs for card issuing, money movement and account services to fintechs and banks. Directly competes with Carta in the same issuer-processing category with overlapping feature set.
• Stripe Issuing: API-first card issuing product from Stripe enabling platforms and fintechs to create physical and virtual cards. Targets the same embedded-finance and platform-led use cases as Carta Worldwide.
• i2c Inc. Private-label card processing and issuer processing platform serving fintechs and banks globally. Directly comparable multi-product (debit, prepaid, credit) issuer processor with modular API architecture.
• Paymentology: Cloud-native issuer processor offering real-time card issuing and processing APIs to banks and fintechs. Closest peer in scale and positioning to Carta Worldwide, with similar multi-region focus.
• Thredd (formerly EML Payments): Issuer processing platform specializing in prepaid, debit and credit card programs for fintechs and banks globally. Closely comparable in product breadth, modular API stack and global multi-region positioning.

Broad incumbents

• Worldpay (FIS): Large incumbent payment processor offering issuer and acquiring services as part of a broader merchant and bank technology suite. Provides legacy issuer processing that Carta positions itself against as a modern alternative.
• Adyen: Global payments platform offering unified acquiring, processing and increasingly issuing capabilities to large merchants and platforms. Comparable as a technology-led modern processor with overlapping enterprise customer base.
• Finastra: Large banking technology vendor offering card issuance, core banking and lending software to financial institutions. Competes with Carta in bank-side issuance and embedded finance projects, though via on-premise/legacy deployments.
• Checkout.com: Global payment processor with issuing capabilities for fintechs and platforms. Overlaps with Carta's card-issuing service line and shares similar enterprise customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/carta-worldwide
• Xx.com/cartaworldwide

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carta Worldwide