Nomupay Secures $37M to Accelerate Expansion into Asian Payment Markets
Dublin-headquartered Nomupay, a payments platform aiming to simplify access to fragmented global markets, has closed a $37m funding round, achieving a $200m valuation.
The final $12m tranche of the September fundraising was led by Endeit Capital, with participation from Uneti Ventures, a backer associated with early Adyen employees, according to Finextra.
Existing investors contributed $25m over the past 18 months, demonstrating continued confidence in the firm.
Nomupay operates its Unified Payments (UP) platform, which enables seamless online, point-of-sale (POS), and payout capabilities across multiple Asian, European, and Middle Eastern markets through a single API.
This streamlined approach is designed to support international acquirers, merchants, Payment Service Providers, and Independent Sales Organisations.
The company was established in 2021 by venture capital firm Finch Capital through strategic acquisitions of Wirecard’s assets, including local licences in Turkey and the Asia-Pacific region. Additional acquisitions, such as Lithuania-based Cardinity, allowed Nomupay to extend its reach into European markets.
The newly raised capital will support Nomupay’s plans to expand its market presence and scale operations.
Specifically, the funds will back mergers and acquisitions activity, following the firm’s acquisition of Manchester-based Total Processing in 2023. Nomupay also plans to strengthen its foothold in Asia with additional local hires, partnerships, and market entry into Singapore, Indonesia, Japan, and Vietnam.
Peter Burridge, CEO of Nomupay and former head of operations payouts at PayPal, highlighted the platform’s mission to address gaps in existing global gateways. “At present, so many organisations are beholden to the dominant global gateway acquirers, known as ‘Monos’. In many cases, these platforms only provide access to certain countries, only facilitate certain payment methods, and necessitate that customers use their gateway. Global and regional enterprises scaling in the Asian market need a more sophisticated and less prescriptive approach. At Nomupay, it is our goal to become the go-to payments platform to unlock Asia for companies globally and vice versa,” Burridge said.
This latest funding follows earlier series A rounds totalling $53.6m from Finch Capital and other investors in 2023. With this round, Nomupay has raised nearly $90m to date. The company has reported over 100% annual growth for two consecutive years and is on track to achieve profitability by 2025.