Swedish investment firm Incore Invest has agreed to acquire CoreOrchestration AB, the company behind the PaymentIQ platform, from Worldline in a “nine-figure” carve-out transaction. The deal, expected to close in the first quarter of 2026, will see PaymentIQ operate as a standalone business under its new ownership.
The acquisition highlights the growing strategic value of payment orchestration—the middleware layer that helps merchants route transactions between multiple payment providers—as it graduates from “nice-to-have” tooling to essential financial infrastructure.
Unlocking a standalone future
CoreOrchestration AB, founded in Sweden in 2014, currently generates approximately €50million in revenue. Its flagship product, PaymentIQ, is a SaaS platform that allows merchants to connect with over 260 payment service providers (PSPs) through a single integration. This capability is increasingly critical for merchants dealing with fragmented global markets, diverse local payment methods, and the need to optimise authorisation rates.
By carving the entity out from Worldline, Incore Invest aims to accelerate the company’s product roadmap and commercial agility.
Nicolai Chamizo, founder and CEO of Incore Invest, commented: “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.”
Strategic realignment for Worldline
For Worldline, the divestment aligns with its ongoing “North Star” transformation plan, a strategic initiative focused on simplifying the group’s structure and sharpening its focus.
The transition to a standalone entity is welcomed by the CoreOrchestration leadership team as an opportunity to focus purely on the orchestration vertical. Neil D’Souza, managing director and CEO of CoreOrchestration AB, stated: “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.”
Incore Invest, which typically backs high-growth European fintechs at the Series A stage, plans to leverage its hands-on experience with PSP and merchant environments to help CoreOrchestration capture additional market share as cross-border commerce continues to fragment.