txn is an API-led, AI-powered issuer-processing platform that helps fintechs, banks and corporates launch, manage and scale debit and prepaid card programs.
We combine modern APIs, intelligent tools and self-service control with the reliability, compliance and payments experience needed to operate at scale.
The result is a simpler way to build and run card programs, without the cost, complexity and heavy support structures traditionally associated with issuing.
Purpose-built platform. Experienced founders.
txn was created by two payments businesses with a track record of building and scaling regulated technology: Direct Transact and Paycorp. Together, they bring deep processing expertise and international payments experience.
txn brings that experience into a modern platform designed around the people using it today: developers building the program, operators running it and businesses growing it. It is proven where it matters and modern where it counts.
Modern infrastructure. Proven at scale.
Direct Transact pioneered Banking-as-a-Service in South Africa. Today its cloud-based platform powers processing, payments and digital identity for licensed banks and financial services providers.
Its platform processes more than ZAR50 billion (approximately €2.7 billion) every month with 99.99% uptime. It holds Visa and Mastercard third-party issuer-processor certification and is PCI DSS certified.
As co-founder and equal owner, Direct Transact runs the secure cloud infrastructure txn is built on.
International reach behind the platform.
Paycorp is an international payments group with more than 25 years’ experience building and scaling payments businesses across Southern Africa, Europe and the UK.
It processes more than 290 million transactions a year and has longstanding relationships with banks, card schemes and regulators in the markets it serves.
As co-founder and equal owner, Paycorp brings the commercial experience, go-to-market capability and European presence that take txn to market.
Our platform combines:
Clean, well-documented APIs
Sandbox access from day one
A self-service Control Center
An accessible Knowledge Hub
AI-powered guidance and support
Compliance built into the platform
Proven, resilient processing infrastructure
A dedicated environment configured for each client
This gives developers a better way to build, operators greater visibility and control, and businesses a platform that can grow with them.
Built by people who have done this before.
txn’s team combines deep card-payments expertise with experience building, launching and operating payment technology businesses at scale.
We understand the infrastructure, the compliance requirements and the commercial realities behind successful card programs. That means practical support, informed decisions and fewer unnecessary barriers between an idea and its launch.
Leadership
Ian Johnson
Chief Executive Officer, txn
Ian has more than 20 years of leadership experience across payments and fintech. Before joining txn, he helped grow Soldo across Europe and established Marqeta’s European business as its first employee in the region. He has also held senior commercial leadership roles at WEX and Worldline, building high-performing teams and scaling card issuing, commercial payments and payment technology businesses.
Dörte Dye
Global Head of Operations, txn
Dörte is a fintech and payments operations leader with two decades of experience spanning card issuing, licensing, compliance and international expansion. She co-founded Monavate, securing its UK and European licences and building its operating model, and later led European program management at Paymentology. At txn, she is building the operational, governance and compliance frameworks needed to support the business as it grows.
Michael Moores
Global Head of Technology, txn
Michael has more than a decade of experience in payments technology and platform operations. Before joining txn, he spent six years at Marqeta, where he supported the launch of its European platform leading critical incident management. He worked closely with European and global clients on new program launches whilst continually elevating service delivery. Michael began his career in banking technology at Barclays, where he spent six years across systems engineering and service delivery.
Direct Transact and Paycorp
Hennie Dreyer
Chief Executive Officer, Direct Transact
Hennie is a fintech entrepreneur and banking technology leader with 34 years’ experience shaping digital banking across Southern Africa. As CEO and co-founder of Direct Transact, he pioneered South Africa’s first Banking-as-a-Service provider and helped launch 1dentity, a digital identity platform supporting KYC and KYB, and dtMercury, a Payments-as-a-Service solution. Through the Direct Transact Foundation, he also advances initiatives supporting vulnerable children, older persons and local communities.
Steven Kark
Group Chief Executive Officer, Paycorp
Steven is the co-founder and Group CEO of Paycorp, txn’s co-founding owner. He has more than 25 years of experience building and scaling payments businesses internationally. Steven also brings extensive industry and regulatory experience through his longstanding involvement with the Association of Payment System Operators and the ATM Industry Association.
Built for where you are. Ready for where you're going.
Whether you are launching your first card program, expanding an established proposition or operating at high velocity and volume, txn meets you where you are, with the technology, experience and support to help you move forward.