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Incore Invest to acquire CoreOrchestration AB from Worldline

Monday, December 08, 2025 — 18:21:29 (UTC)

Incore Invest to Acquire CoreOrchestration AB from Worldline in Carve Out Transaction

Swedish investor, Incore Invest, takes control of PaymentIQ in a nine-figure deal

Stockholm, Sweden, 8 December 2025; Incore Invest today announces that it has entered into an agreement to acquire CoreOrchestration AB, a Swedish software company behind the PaymentIQ payment orchestration platform, from Worldline. The nine figure transaction is expected to close in Q1 2026 and will result in CoreOrchestration operating as a standalone company under Incore Invest’s ownership.

CoreOrchestration AB is a Swedish company founded in 2014 with a revenue of c.€50 Million, supported by solid growth and strong unit economics. Following completion, the business will transition through a carve out process to begin operating as a standalone business. Incore Invest will take full ownership at closing, backing the company as an active and long term owner focused on accelerating product and commercial momentum.

CoreOrchestration’s PaymentIQ platform is a SaaS payment orchestration solution that enables merchants to centrally manage, optimise and scale their payment flows across providers and markets. Through a single integration, PaymentIQ connects merchants to more than 260 payment service providers, reducing the cost and complexity of adding new providers, supporting expansion into new markets and enabling flexible checkout experiences.

Nicolai Chamizo, Founder and CEO of Incore Invest, comments, “This acquisition marks an exciting step for Incore Invest as we take full ownership of a business with high growth potential in a space we know intimately and where we see the opportunity to create long-term value as active and committed owners. Their product, PaymentIQ, is a proven and highly scalable platform with an exceptional breadth of integrations. As a standalone company, we believe CoreOrchestration can increase speed and agility, and we look forward to supporting the team as they build the next phase of growth.”

The acquisition reflects Worldline’s ongoing simplification journey under its North Star transformation plan, while creating the conditions for CoreOrchestration to move faster and invest with greater focus. The team at Incore Invest brings deep familiarity with payment orchestration operations, including hands-on experience using platforms in both PSP and merchant environments, and intends to work closely with the company to strengthen product packaging, sharpen execution and capture additional growth opportunities.

Neil D’Souza, Managing Director and CEO of CoreOrchestration AB, states, “We have established PaymentIQ as one of the most comprehensive orchestration platforms on the market and the natural choice for European merchants with global ambitions. Myself and the team are incredibly excited to take the business to the next level as a standalone player in Incore Invest’s portfolio.”

The transaction comes as merchants across Europe and beyond reassess their payment stacks amid rising complexity, higher performance expectations and quick market expansion. Incore Invest expects the carve out to accelerate PaymentIQ’s roadmap and strengthen its role as a needed layer in modern commerce, allowing merchants to optimise performance as they expand into new markets.

To find out more, please visit: incoreinvest.com/

About Incore Invest Incore Invest is a Swedish investment firm focused on backing high growth European fintechs, SaaS and B2B software companies. Incore Invest typically invests around the Series A stage and partners closely with founders and management teams, combining strategic guidance with hands-on support to help businesses scale. The firm invests across Europe, with a particular focus on the Nordics, supporting local champions with international ambitions.

About CoreOrchestration AB CoreOrchestration AB is a Swedish software company founded in 2014 and the creator of PaymentIQ, a SaaS payment orchestration platform that helps merchants centrally manage, optimise and analyse payment performance across payment providers and markets.

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Source: Company press release.

Categories: Acquisition