LONDON, June 2 — Thredd, the AI-first issuer processing platform, today announced a five-year renewal and strategic programme expansion with Caxton, the leading payments solutions provider, reinforcing Thredd’s role as the company’s primary issuer-processor across consumer and corporate cards.
Caxton, a leading UK payments provider, has partnered with Thredd since 2020 to power its multi-currency prepaid travel and expense cards. Customers can hold up to 15 currencies on a single card.
As part of the renewed agreement, Thredd will bring Caxton’s parent-child card programme, nimbl, onto the Thredd platform. All nimbl customers will be re-carded as the programme is launched using Thredd’s infrastructure, with completion targeted before the end of the year.
nimbl is a financial education-focused debit card designed for children aged 6–16, enabling parents to manage allowances and teach money management skills. The card supports multi-currency usage, allowing families to spend abroad while maintaining competitive conversion, aligning with Caxton’s core travel proposition.
“Earning the trust from the Caxton team, to not only renew our partnership for five more years, but to also support the nimbl programme, is the type of endorsement of our platform that we strive to achieve,” said Jim McCarthy, CEO at Thredd. “We are proud to continue providing the APIs, flexibility and speed to market required for complex multi-currency programmes for this team, while supporting innovation across consumer, corporate and youth-focused use cases.”
The programme operates on Mastercard and supports reloadable prepaid cards with digital wallet enablement, including Apple Pay and Google Pay. Thredd also provides fraud management capabilities and core processing infrastructure.
“Caxton’s ambition is to remain a leading payments provider while continuing to innovate,” said Alana Parsons, COO at Caxton. “Thredd’s technology, local understanding, and global reach give us the flexibility to evolve our travel and youth propositions, while delivering a modern payment experience for our customers.”
The renewed partnership highlights Thredd’s ability to support fintechs and programme managers across multiple verticals, from corporate travel spend to financial education products, while enabling secure, scalable card issuance for high-growth companies.