International enterprises now confront a significant hurdle in their payments landscape – navigating multiple countries, diverse payment types, varying payment use cases, a plethora of channels, and a constantly evolving regulatory landscape. These complexities often impede their expansion efforts.
Addressing this challenge is NomuPay, a Dublin-based company, with its comprehensive Unified Payments (uP) platform. Designed to facilitate business expansion into regions experiencing substantial cross-border and e-commerce growth, NomuPay’s uP platform offers an end-to-end solution.
Now the Irish fintech has successfully raised $53.6 million in a significant Series A funding round. The round was co-led by Finch Capital, an esteemed Dutch venture capital firm investing in Fourthline and Twinco Capital, and Outpost Ventures, the investment platform of Neuberger Berman. The funding also included participation from individual investors.
With this substantial investment, NomuPay is making significant strides in its growth journey. The company has already begun onboarding new clients since Q4 2022 and is actively expanding its presence in core markets. Additionally, NomuPay is continually adding new markets to its uP Platform and allocating resources towards product development to further enhance its offerings.
Peter Burridge, CEO of NomuPay, said, “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.”
Radboud Vlaar, Managing Partner of Finch Capital, said, “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. We are very excited to see how NomuPay addresses the burning need of clients in these core markets.”
David Dubick, Partner of Outpost Ventures, added, “We’re thrilled to partner with the deeply experienced team at NomuPay and be a partner with them in this next phase of growth. Throughout our conversations with NomuPay we’ve been continually impressed by the technological implementation of the uP Platform, its ability to solve a wide range of issues faced by enterprises and marketplaces in global payments, as well as their approach to distribution and the initial partners who are using the platform at scale.”
Cross-border payments made seamless
Founded in 2021 and led by CEO Peter Burridge, NomuPay’s Unified Payment (uP) Platform makes it easy to accept payments and send payouts across borders through a single integration. The platform provides omnichannel payments acceptance and payout disbursements through a single API integration. The company provides ambitious global enterprises with an ‘all access pass’ for payments in Southeast Asia, Turkey and Europe.
uP Platform’s secure API unlocks a wide range of payment acceptance methods, including card, buy-now-pay-later solutions, instalment payment plans, and local alternative payment methods in several countries. It provides payment providers, large enterprises, and sophisticated marketplaces with end-to-end payment visibility and traceability based on the organisation’s unique payment workflows.