Incore Invest has entered into an agreement to acquire CoreOrchestration AB from Worldline in a carve out deal that is expected to close in the first quarter of 2026. The transaction, described as a nine figure acquisition, will see the Swedish payment software company operate independently under Incore Invest ownership.
CoreOrchestration, founded in 2014, generates roughly €50 million in revenue and has posted consistent growth supported by strong unit economics. Once the deal closes, the company will undergo a carve out process to establish its own operational structure separate from Worldline. Incore Invest plans to take active ownership, focusing on accelerating both product development and commercial execution.
PaymentIQ Positioned at the Centre of Merchant Payment Modernisation
The company’s main product, PaymentIQ, is a SaaS payment orchestration platform that enables merchants to manage, optimise and scale payment flows across hundreds of providers through a single integration. The platform currently connects to more than 260 payment service providers, reducing integration complexity and simplifying expansion into new markets.
By offering flexible routing and checkout options, PaymentIQ aims to help merchants reduce costs, improve acceptance rates and optimise performance across geographies. The acquisition comes at a moment when European merchants are reassessing payment strategies amid rising regulatory scrutiny, global expansion pressures and more complex customer journeys.
Nicolai Chamizo, Founder and CEO of Incore Invest, said the acquisition reflects long term confidence in the sector. “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,” he said. He added that PaymentIQ is a “proven and highly scalable platform” and that operating as a standalone company will enable greater speed and agility.
The move also aligns with Worldline’s broader simplification programme under its North Star transformation plan. The carve out allows CoreOrchestration to focus investment more narrowly while giving Incore Invest, which has experience with orchestration models on both the Payment Service Provider (PSP) and merchant sides, a platform to strengthen product packaging and execution.
Neil D’Souza, Managing Director and CEO of CoreOrchestration AB, highlighted the strategic importance of the transition. “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,” he said. “Myself and the team are incredibly excited to take the business to the next level as a standalone player in Incore Invest’s portfolio.”
Industry analysts say payment orchestration continues to rise in relevance as merchants shift toward multi-provider stacks to diversify risk and access new markets. The deal gives CoreOrchestration capital support and ownership clarity at a time when its customers are seeking faster, more resilient systems. The acquisition is likely to strengthen competition in Europe’s orchestration market and could influence the strategies of PSPs and enterprise merchants evaluating similar technologies.