Nomupay funding news – Dublin-based Nomupay has Secured €35.9 Million in Funding

The final €11.6 million of this round was led by Endeit Capital, with Uneti Ventures joining in. Existing investors added €24.2 million over the last 18 months.

This follows a successful €52 million Series A in 2023, bringing the total to nearly €87.4 million. Nomupay reports more than 100% annual growth over the past two years and expects to be profitable by 2025.

Peter Burridge, CEO of Nomupay, said, “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. […] Global and regional enterprises scaling in the Asian market need a more sophisticated and less prescriptive approach. At Nomupay, it is our goal to become the go-to payments platform to unlock Asia for companies globally and vice versa.”

It is a global fintech company founded in 2021. It offers a unified payment platform that allows businesses to manage all payments through one system. The company provides secure and flexible payment solutions for fast-growing regions in Southeast Asia, the Middle East, and Europe.

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It is supported by institutional funding and operates in cities worldwide, including Dublin, the UK, Madrid, Vilnius, Hong Kong, Kuala Lumpur, Manila, Bangkok, Singapore, Istanbul, Dubai, and Auckland.

According to Nomupay, the payments market in Asia is very fragmented. Different local rules and various payment preferences require businesses to work with multiple providers, leading to complex operations and unclear costs.

Jonne de Leeuw, Partner of Endeit Capital, said, “Nomupay has recognised and addressed a major deficiency in the payments landscape and is bringing both innovation and access to the EMEA and APAC markets, while unlocking further potential through local licenses and vertical focus. […] We are very pleased to participate in the development of Nomupay, and support the ambitious team as they continue to grow and scale. The business has significant global potential, and we look forward to playing our part in its success.”

Jeroen Netten, Uneti Ventures, said, “This is the first time I have come across this unique agnostic approach to enabling growth expansion for other acquirers.’’

Nomupay plans to expand into more markets, hire locally, and form partnerships in Singapore, Indonesia, Japan, and Vietnam. This will complement its current presence in Kuala Lumpur, Singapore, the Philippines, Hong Kong, and Thailand.

About Nomupay

Nomupay is a new company that, through its subsidiaries, will provide advanced payment solutions to help clients grow in high-growth countries across Europe, Asia, Turkey, and the Middle East.