Irish payments start-up NomuPay lands $53.6m in funding
Ireland-based payments start-up NomuPay has secured $53.6 million in a funding round co-led by Finch Capital and Outpost Ventures, with additional participation from angel investors.
Founded in 2021 following the acquisition of assets from Wirecard, including its licences in Turkey and Asia Pacific, NomuPay operates a unified payments platform that enables cross-border payment acceptance and payout disbursements through a single API. The company says it aims to “simplify the fragmented payment infrastructure” throughout Southeast Asia, Europe and Turkey.
“There are multiple countries, multiple payment types, different payment use cases in each nation, a variety of channels, and an endless list of changing regulations. As a result, expansion slows down,” explains Peter Burridge, CEO of NomuPay. “Companies have to maintain countless technical integrations and vendor relationships, while reconciling global payments.”
Burridge adds that by unifying fragmented payment networks, NomuPay equips companies with an “all-access pass to global payments”, enabling them to expand globally and “future-proof” their payment strategies.
With the new funding, NomuPay plans to scale in its core markets and further invest in product development. The start-up says it began successfully onboarding customers in Q4 2022.