Incore Invest has signed an agreement to buy CoreOrchestration, a Swedish software firm behind the PaymentIQ payment orchestration platform, from Worldline in a carve-out transaction.

The closure of the acquisition is anticipated in the first quarter of 2026, after which CoreOrchestration will operate independently under the ownership of Incore.

Following the transaction’s completion, Incore will assume complete ownership, supporting CoreOrchestration as an active and long-term stakeholder with a focus on advancing the development of products and boosting commercial activities.

The PaymentIQ platform is a software-as-a-service (SaaS) payment orchestration platform designed to assist merchants in centrally managing, optimising, and scaling the flows of payment across various providers and markets.

Via a single integration, the platform is said to connect merchants to over 260 payment service providers, simplifying the process of new provider addition, aiding expansion into additional markets.

Worldline has announced in a release the sale of PaymentIQ to Incore, with estimated cash proceeds of approximately €160m ($186.28m) expected at closing.

The decision to divest aligns with Worldline’s strategy to concentrate on segments and solutions that create synergies and fit within the group’s strategic and risk frameworks.

Incore Invest CEO and founder Nicolai Chamizo said: “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 sale of PaymentIQ represents a step forward in Worldline’s ongoing strategy to concentrate on its core European payment operations.

Regarding the impact on Worldline’s financials for the  year 2026, the deconsolidation of CoreOrchestration is estimated to affect revenue by about €50m, adjusted earnings before interest taxes depreciation and amortisation (EBITDA) by €40m, and free cash flow by €30m on a full-year basis.

Perella Weinberg served as the sole financial advisor, while Gernandt & Danielsson provided legal advice to Worldline for this transaction.

In November, Worldline disclosed a plan to secure €500m (around $576m) from a consortium of French banks to support its business transformation efforts.