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Hello, tech lovers! Today, let’s dive into how NomuPay, an Irish fintech startup, is revolutionizing cross-border payments with fresh funding.
In response to increasing global trade, NomuPay has raised $40 million in Series C funding led by SB Payment Service, a branch of SoftBank. This injects new capital into its quest to simplify international transactions, especially in Asia, Europe, MENA, and the U.S.
The company, just five months after its Series B round, now boasts a valuation of $290 million. With over $120 million raised in total, NomuPay plans to expand its reach further, including regional growth and acquisitions.
CEO Peter Burddige shared ambitions to add Japanese Alternative Payment Methods (APMs), SBPS cards, multi-currency settlements, and IC++ billing to their platform. His goal is to enable merchants to offer more localized payment options without extra administrative hassle.
Expanding into new Asian markets like Singapore, Indonesia, and Vietnam, NomuPay aims to streamline licensing, regulation, and payment management challenges faced by businesses entering these regions. Currently serving over 2,000 merchants across Europe, the Middle East, and Asia, the company continues to grow steadily.
Additionally, NomuPay acquired Total Processing in November 2023, bolstering its payment solutions. After recent funding, it onboarded 500+ new clients, with revenues projected to surpass $45 million in 2025.
In essence, NomuPay provides businesses with local virtual accounts, treasury management, and multi-currency processing, making cross-border commerce smoother and more transparent while reducing costs.
