Nopan Raises €7.2M to Expand Account and Wallet Payments Across Europe

So far, Nopan has raised a total of €7.2 million. The company will use the new funding to support the next stage of its growth.

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Nopan plans to expand its account and digital wallet payment options across Europe. It will also improve its payment optimisation technology and strengthen its presence among digital businesses and fintech companies.

Pieter Welten, Partner at Newion, said, “Nopan is addressing a clear and growing need in the payments market. Account and wallet payments represent a major opportunity, but the infrastructure required to make them perform at scale is still emerging. With its deep merchant-side payments experience and highly focused technology platform, we believe Nopan is uniquely positioned to become a category leader in this next phase of payments.

“Nick and I experienced first-hand how much value can be created when payment methods are properly optimised. Launching a new payment method is only the beginning. The real challenge is making it perform reliably across banks, customer behaviours operational processes and, where relevant, across markets. Nopan was created to solve exactly that challenge,” said Konstantin Surkov, co-founder and CEO of Nopan.

Founded by Konstantin Surkov and Nick Ryabov, Nopan aims to become the first merchant-focused payment service provider. It helps digital businesses and payment service providers launch and manage account-based and digital wallet payment methods across Europe.

The platform also helps businesses improve the performance of their payment methods and scale them as they grow.

According to the company, Nopan was created because its founders experienced a common problem themselves. While launching a payment method is easy, making it work efficiently and perform well at a large scale is much more difficult.