Nomupay, an Irish-based cross-border fintech, has secured $40 million in Series C funding led by SoftBank’s SB Payment Service.
This new round values Nomupay at $290 million, just five months after its previous $37 million Series B at a $200 million valuation.
The funding boost brings Nomupay’s total raise to $120 million, signaling strong momentum for the four-year-old payments startup.
With this investment, the company plans to expand across Asia, improve platform capabilities, and acquire key players in the payments space.
Meeting Global Demand for Seamless Payment Options
As global trade continues evolving, businesses need reliable ways to manage payments across fragmented and complex financial ecosystems.
Nomupay’s platform simplifies cross-border payments for merchants in Europe, MENA, the U.S., and rapidly growing Asian markets.
More companies want to reach Asian consumers without facing licensing hurdles or back-office complexity in multiple local markets.
Therefore, Nomupay helps merchants navigate that complexity by offering local payment options while keeping backend operations simple and streamlined.
Big Plans for Asia and Beyond
CEO Peter Burridge confirmed that Nomupay will immediately add Japanese alternative payment methods (APMs) to its platform.
These integrations will allow global merchants to access Japanese consumers without needing a local entity or banking partner.
Moreover, Nomupay aims to add SBPS cards, IC++ billing, and multi-currency settlements to serve broader merchant needs.
The startup will also extend coverage to Singapore, Indonesia, and Vietnam, enhancing its Oceania and Southeast Asia presence.
Fast Growth and Smart Acquisitions
Nomupay recently acquired Total Processing, a UK-based firm specializing in recurring payments, compliance, and payment integration.
Since then, the company has onboarded over 500 new merchants, bringing its total to more than 2,000 clients globally.
Its workforce now includes over 250 employees, all focused on scaling the company’s operations, support, and merchant services.
In addition, Burridge emphasized that the firm enables merchants to manage FX costs and payouts efficiently through local payment rails.
Solid Revenue Plans Backed by Strategic Focus
The company earns by charging transaction-based fees for processing payments and payouts across buyer and seller platforms.
Nomupay expects to hit $45 million in gross annualized run-rate revenue and $20 million in net revenue by 2025.
Although already showing signs of profitability, the team will prioritize rapid growth over short-term earnings after this funding round.
Even so, Nomupay projects to become profitable within 12 months, proving that efficient scaling is very much within reach.
Bridging Borders with Fintech
This cross-border fintech success story is more than just another funding round—it’s a signal of global commerce accelerating.
Nomupay continues to position itself as a cross-border fintech pioneer by solving deep-rooted infrastructure gaps for global merchants.
As more businesses pursue global expansion, cross-border fintech enablers like Nomupay are becoming indispensable for seamless growth.
With strong financial backing and regional traction, Nomupay’s journey in cross-border fintech is just getting started.