Irish Fintech company Nomupay has raised a $53.6 million fund to expand its operations into regions of cross-border and e-commerce growth.
The funding round was led by Finch Capital, with investment from other investors such as Outpost Ventures, a Neuberger Berman fund, and participation from individuals.
Engineered to simplify fragmented payment infrastructure throughout Europe, Southeast Asia, and Turkey, Nomupay provides scalable payment solutions and robust data management and reporting capabilities.
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Speaking on the startup’s goal, Nomupay CEO Peter Burridge said,
“Every growing international enterprise knows the problem of ‘multiples’ when it comes to payments. 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. Companies have to maintain countless technical integrations and vendor relationships while reconciling global payments.
“At NomuPay, we remove the burden of ‘multiples’, by unifying fragmented payment networks. In the face of continued technological, market, method, and data fragmentation, we provide companies with an ‘all access pass’ to global payments, enabling enterprises to continue to expand globally, and to future-proof payment strategies.”
Also speaking on the funds raised, managing partner of Finch Capital Radboud Vlaar said,
“Under the Leadership of Peter Burridge, NomuPay has
made a series of license acquisitions, and top-level hires that have helped to take the company to the next
level. On top of this, the company has built a Unified Payments Platform that unlocks local payment acceptance and payout disbursements in geographies that have long lacked a unified system, through a simple and single integration. We are very excited to see how NomuPay addresses the burning need of clients in these core markets.”
NomuPay’s Unified Payments (uP) Platform provides omnichannel payments acceptance and payout disbursements through a single API integration and makes it easy to accept payments and send payouts in Europe and across the expansion markets of Southeast Asia and Turkey through a single integration.
Also, the uP Platform and unified payments approach help expansion-minded organizations scale quickly and strategically.
Founded in 2021, NomuPay’s executive team combines years of pioneering payout expertise with established acquiring and processing knowledge. The startup believes that when it comes to architecting a unified payment platform, it pays to have deep industry experience across all aspects of the payment lifecycle.
The company is focused on solving big, global payment problems. It is backed by Finch Capital and a board of industry visionaries.