NomuPay, an Irish-based fintech start-up, has raised $53.6 million in a recent funding round, with prominent investors including Finch Capital and Outpost Ventures, as well as contributions from angel investors.
Established in 2021 after acquiring assets from Wirecard, including licenses in Turkey and the Asia Pacific region, NomuPay operates an innovative unified payments platform. This platform offers a single API that facilitates cross-border payment acceptance and payout disbursements. NomuPay’s objective is to streamline the fragmented payment infrastructure across Southeast Asia, Europe, and Turkey.
Peter Burridge, the CEO of NomuPay, explains, “Expanding into multiple countries with different payment types, use cases, channels, and regulatory frameworks can be challenging, leading to slower growth. Businesses face the burden of managing numerous technical integrations and vendor relationships, all while reconciling global payments.”
By unifying these fragmented payment networks, NomuPay empowers companies with a comprehensive solution for global payments. It grants businesses an “all-access pass to global payments,” enabling them to expand their operations worldwide and future-proof their payment strategies.
With the newly acquired funding, NomuPay aims to scale its presence in core markets and make substantial investments in product development. The start-up proudly announced successful customer onboarding during the fourth quarter of 2022.
