NomuPay raises $53.6m to expand cross-border payments offering

NomuPay, Payments, Europe, FinTechNomuPay, a Dublin-headquartered payments provider built for expansion into regions of high cross-border and eCommerce growth, has raised $53.6 million. 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 payment acceptance and payout disbursements through a single API integration.

Engineered to simplify fragmented payment infrastructure throughout Southeast Asia, Europe, and Turkey; the uP Platform provides scalable payment solutions and robust data management and reporting capabilities.

Peter Burridge, CEO of NomuPay, said “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. 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.”

Radboud Vlaar, Managing Partner of Finch Capital, said, “Under the Leadership of Peter Burridge, NomuPay has made a series of license acquisitions, and top-level hires that have 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 said, “We are 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 have been continually impressed by the technological implementation of the uP Platform, its ability to solve a wide range of issues faced in global payments, as well as their approach to distribution and the initial partners who are using the platform at scale.”