Dublin-based Nomupay has successfully raised $37 million in its latest funding round, achieving a $200 million valuation. This funding reinforces the company’s mission to simplify access to Asia’s fragmented payment landscape for international acquirers, merchants, Payment Service Providers (PSPs), and Independent Sales Organisations (ISOs). The final $12 million of this round was led by Endeit Capital, with participation from Uneti Ventures, supported by contributions from existing investors, who have collectively invested $25 million over the last 18 months.
Nomupay’s Unified Payments (UP) platform stands out for its ability to handle online, point-of-sale (POS), and payout transactions across multiple Asian, European, and Middle Eastern markets via a single API. The company emerged in 2021 from venture capital firm Finch Capital’s strategic acquisitions, which included Wirecard assets in Turkey and the Asia Pacific, as well as Cardinity from Lithuania to cover European territories.
Peter Burridge, CEO of Nomupay and former head of operations payouts at PayPal, emphasized the platform’s significance in addressing limitations imposed by dominant global gateway acquirers, or “Monos.” He explained, “Many global and regional enterprises scaling in the Asian market face restrictions as these gateways often limit access to specific countries or payment methods. Nomupay aims to be the go-to payments platform to bridge this gap, unlocking opportunities for companies globally and vice versa.”
This fundraising follows series A rounds totaling $53.6 million in 2023, bringing Nomupay’s total investments close to $90 million. Steady financial support has facilitated over 100% annual growth for two consecutive years, with the company projected to achieve profitability by 2025. The recent funds will drive further acquisitions, such as last year’s purchase of Manchester-based Total Processing, and support expansion plans. Key markets like Singapore, Indonesia, Japan, and Vietnam will see local hires and partnerships added to Nomupay’s growing presence in cities such as Kuala Lumpur, Singapore, the Philippines, Hong Kong, and Thailand.