Dublin-headquartered unified payments platform NomuPay has raised $53.6 million to unlock local payment acceptance and payout disbursements for enterprises in Southeast Asia, Turkey and Europe.
The round was co-led by Finch Capital and Outpost Ventures, an investment platform of Neuberger Berman, with participation from individuals.
NomuPay’s Unified Payments (uP) Platform provides omnichannel payments acceptance and payout disbursements across fragmented markets through a single API integration.
The business was formed by VC Finch Capital out of its 2021 acquisitions of Wirecard assets, specifically local licenses across Turkey and Asia Pacific, as well as separate businesses like Cardinity out of Lithuania to cover European territory.
Peter Burridge, former head of operations payouts at PayPal and 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.
"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.”
The uP Platform’s secure API unlocks a wide range of payment acceptance methods, including card, buy-now-pay-later schemes, instalment payment plans, and local alternative payment methods in Thailand, Malaysia, Hong Kong, the Philippines and Turkey.
Founded in 2021, NomuPay began onboarding new clients in Q4 2022. The new funding represents an aggregate of capital raised by NomuPay since its inception and includes a new injection of $15 million to scale the business and expand into new geographies.