Dublin-based fintech startup completes €35.9 million third funding round, empowering its quest to democratize access in the Asia-Pacific region for global acquirers, retailers, payment service providers, and independent sales organizations.
Endeit Capital led the final €11.6 million tranche of the September fundraise, with Uneti Ventures, backed by early Adyen workers, also participating. Professional investors continued to support the cause, providing a substantial €24.2 million over the past 18 months.
The latest spherical has garnered a profitable collection of €52 million from Finch Capital and various investors in 2023, taking the total to just shy of €87.4 million thus far? As a result of Nomupay’s sustained efforts, they have consistently outpaced targets, achieving more than 100% growth annually for two consecutive years, with projections indicating that the corporation will reach profitability by 2025.
According to Peter Thompson, CEO of Nomupay, […] ”
Nomupay is a global fintech leader established in 2021, providing a unified payment platform that streamlines end-to-end transactions through seamless system integrations. Nompaya aims to provide secure and flexible payment solutions tailored to meet the unique needs of fast-growing regions in Southeast Asia, the Middle East, and Europe.
As a global leader in digital payments, Nomupay enjoys institutional backing and maintains a significant international footprint across 12 cities: Dublin, London, Madrid, Vilnius, Hong Kong, Kuala Lumpur, Manila, Bangkok, Singapore, Istanbul, Dubai, and Auckland.
According to Nomupay, the Asian fund management landscape remains highly fragmented, a characteristic that distinguishes it from other regions. Amidst the diversity of native regulations and multiple cost methodologies, large-scale organizations must establish numerous connections to cover their global footprint, leading to considerable back-office intricacy and reduced transparency regarding true expenses.
Nomupay’s Unified Payments (UP) platform is poised to meet growing demands from Europe and the US, offering seamless online, point-of-sale, and payout capabilities across multiple Asian, European, and Central Asian markets via a single Application Programming Interface (API).
While offering seamless gateway-agnostic omnichannel acceptance and disbursements capabilities, this solution can effectively address the need for scalable processing through its unified, single-platform architecture.
The associate of Endeit Capital noted that […] .”
, Uneti Ventures, mentioned“.’’
Experienced professionals with in-depth knowledge of the local market have been recruited to accelerate growth and foster meaningful progress. Here are two key members of the team: Judith Loh, formerly of Worldpay, and Alson Lau, previously with BBSML.
This can increase already sturdy natural progress to this point, and ongoing, profitable M&A exercise, which incorporates the acquisition of Manchester-based Complete Processing in 2023.
We are poised for expansion, with strategic initiatives aimed at tapping into new markets through indigenous talent acquisition and collaborative partnerships across Singapore, Indonesia, Japan, and Vietnam; this includes solidifying our local footprint by establishing a native presence in key hubs such as Kuala Lumpur, Singapore, the Philippines, Hong Kong, and Thailand.
