Irish payments startup, NomuPay has raised $53.6 million to expand its end-to-end unified payments platform.
The latest round of funding 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 simplies fragmented payment networks by provides omnichannel payments acceptance and payout disbursements through a single API integration. It is designed to simplify fragmented payment infrastructure throughout Southeast Asia, Europe and Turkey as well as providing scalable payment solutions, 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.
He added, “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 enterprise 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 address the burning need of clients in these core markets.”
