Dublin-based NomuPay, an end-to-end payment platform for expansion into regions of high cross-border and ecommerce growth, announced that it has secured $53.6M (approximately €50.19M) in a fresh round of funding.
The round was co-led by Finch Capital and Outpost Ventures, an investment platform of Neuberger Berman, as well as participation from unnamed individual investors.
Radboud Vlaar, Managing Partner of Finch Capital, says, “Under the Leadership of Peter Burridge, NomuPay has made a series of licence acquisitions, and top-level hires that has helped to take the company to the next level.”
“On top of this, the company has built a Unified Payments Platform that unlocks local payment acceptance and payout disbursements in geographies that have long lacked a unified system, through a simple and single integration.”
Payment solutions to help its clients accelerate growth
Founded in 2021, NomuPay offers “cutting-edge” unified payment solutions through its subsidiaries to enable its clients to accelerate expansion in high-growing markets in Asia, Turkey, and the Middle East.
Through a single API interface, the platform offers payout disbursements and omnichannel payment acceptance. It also provides robust data management and reporting capabilities.
The fintech company claims that it offers end-to-end payment visibility and traceability to payment providers, big businesses, and complex markets, and is designed to enable payouts depending on an organisation’s specific payment workflows.
The platform offers various payment acceptance options, including card payments, buy-now-pay-later options, instalment payment plans, and local alternative payment methods in Thailand, Malaysia, Hong Kong, the Philippines, and Turkey.
Peter Burridge, CEO of NomuPay, says “Every growing international enterprise knows the problem of ‘multiples’ when it comes to payments. There are multiple countries, multiple payment types, different payment use cases in each nation, a variety of channels, and an endless list of changing regulations. As a result, expansion slows down.”
“Companies have to maintain countless technical integrations and vendor relationships while reconciling global payments. At NomuPay, we remove the burden of ‘multiples’, by unifying fragmented payment networks.”
“In the face of continued technological, market, method and data fragmentation, we provide companies with an ‘all access pass’ to global payments’ enabling enterprises to continue to expand globally, and to future-proof payment strategies.”
As of Q4 2022, NomuPay reports to have begun onboarding new customers, and are currently growing the business in its main areas. The team keeps investing in product development in addition to adding additional markets to the unified payment platform.
