Irish paytech NomuPay acquires UK-based PSP Total Processing
Irish unified payments platform NomuPay has acquired UK-based payment services provider Total Processing, according to a recent Companies House filing.
NomuPay acquires Total Processing
Founded in 2015 and based in Manchester, Total Processing provides payment solutions including online payments, virtual terminals and card readers to e-commerce and in-store merchants in Europe, North America and the MENA region.
According to the filing with Companies House, Dublin-based NomuPay now “holds, directly or indirectly, 75% or more of the shares” of Total Processing.
Financial details of the deal are currently unknown and neither company has responded to FinTech Futures‘ request for comment.
Formed in 2021 as a result of Finch Capital buying up some of the remaining assets of former German payment processor Wirecard, the start-up provides cross-border payment acceptance and payout disbursements to businesses via API integration.
Finch Capital was selective with its purchasing when forming the business, snapping up Wirecard’s former local licences in Turkey, Hong Kong, Malaysia, Thailand and the Philippines to expand its operations.
Having later acquired the Lithuanian fintech Click2Sell and its European licence in late 2022, NomuPay raised $53.6 million in a funding round led by Finch Capital and Outpost Ventures in May this year.
The latest acquisition could now enable the firm to tap into Total Processing’s North American and MENA audiences, as well as its technology and talent, aligning with the intention it announced in May to further scale the business.
