Irish paytech NomuPay bags $37m in latest funding round
Dublin-based paytech NomuPay has secured $37 million in fresh funding to support its ongoing expansion in the Asian market.
NomuPay raises $37 million
The company raised $25 million from unnamed existing investors alongside a $12 million tranche led by Dutch growth capital firm Endeit Capital with support from Uneti Ventures.
Founded in 2021, NomuPay operates a unified payments platform that enables cross-border payment acceptance and payout disbursements in Europe, Türkiye, and Southeast Asia through a single API.
In 2023, the company snapped up Manchester-based payment services provider Total Processing for an undisclosed sum, aiming to expand its presence in the North American and MENA markets.
Peter Burridge, CEO of Nomupay, believes the firm is setting itself apart from larger players like Stripe by targeting underserved countries.
“At present, so many organisations are beholden to the dominant global gateway acquirers, known as ‘Monos’. In many cases, these platforms only provide access to certain countries, only facilitate certain payment methods, and necessitate that customers use their gateway,” Burridge says.
“Global and regional enterprises scaling in the Asian market need a more sophisticated and less prescriptive approach.”
NomuPay previously raised $53.6 million in 2023, with Finch Capital and Outpost Ventures co-leading the round.
TechCrunch reports that NomuPay’s latest funding round values the company at around $200 million and will be used to fuel its M&A plans to broaden its reach across Southeast Asia.
