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Draft:Nomupay

From Wikipedia, the free encyclopedia
Nomupay
TypePrivate
IndustryFinancial technology, Payment processing
Founded2021; 5 years ago (2021)
Headquarters
Dublin
,
Ireland
Key people
Peter Burridge (CEO)
ProductsPayment processing, payouts, merchant acquiring
Number of employees
c. 230 (2025)
Websitenomupay.com

Nomupay (also written NomuPay) is an Irish financial technology company headquartered in Dublin that provides cross-border payment processing and payout services to merchants and payment service providers, principally in Southeast Asia, Europe, Turkey and the Middle East.[1][2]

The company was formed in 2021 by the venture capital firm Finch Capital through the acquisition of several Asia-Pacific and Turkish subsidiaries of the collapsed German payments company Wirecard from its insolvency administrator.[3][4] In 2025, SB Payment Service, the payments subsidiary of Japan's SoftBank Corp., acquired a minority stake in the company.[5][6]

History

[edit]

Formation from Wirecard assets (2021–2022)

[edit]

Following the collapse of Wirecard in June 2020, the company's operations outside Germany were sold off by its Munich-based insolvency administrator, Michael Jaffé. In March 2021, Finch Capital, through its investment vehicle Nomu Pay, agreed to acquire Wirecard's Turkish subsidiary, and in April 2021 it agreed to acquire Wirecard's payment entities in Hong Kong, Malaysia, the Philippines and Thailand, together with the group's regional data warehouse in Singapore.[7][3][4][8] The Financial Times reported that the transaction included Wirecard's clients, licences and more than 120 staff, at a price below the approximately €200 million Wirecard had paid Citigroup in 2017 for the merchant portfolio on which its Asian business had been built.[7] The first of these transactions, covering the Malaysian and Hong Kong entities, completed in July 2021, at which point Peter Burridge, previously president of HyperWallet and an executive at PayPal following its acquisition of that business, was appointed group chief executive.[1] Jaffé stated that the sales preserved around 110 jobs and followed an international bidding process.[9]

The acquisitions gave Nomupay local payment licences in several Asia-Pacific markets and Turkey. Nomupay also acquired the Lithuanian payment company Cardinity (also known as Click2Sell), which held a European payment licence, extending its coverage into the European Union; the acquisition was announced in January 2023.[1][10][11] The company launched its first commercial product, a unified payments platform accessed through a single API, at the end of 2022.[1]

Expansion and acquisitions (2023–2024)

[edit]

In May 2023, Nomupay announced that it had raised US$53.6 million in funding co-led by Finch Capital and Outpost Ventures, and said it was active in around 20 countries.[1]

In November 2023, Nomupay acquired Total Processing, a Manchester-based merchant services and payment processing provider founded in 2015, in a stock-and-cash transaction worth approximately £28 million (US$35 million).[12][13][14] The acquisition gave Nomupay a presence in the United Kingdom and the United Arab Emirates.[12]

Nomupay also acquired KlickEx Pacific, a New Zealand-founded remittance provider operating in Pacific Island markets including Fiji, Tonga and Vanuatu, extending the group's payout network into the Pacific region.[15]

In July 2023, The Currency reported that Nomupay was being sued in the Irish courts by a New Zealand company for alleged breach of contract in connection with a €9 million acquisition.[16] as of July 2023, the proceedings were ongoing.[16]

Later funding and SoftBank investment (2025)

[edit]

In January 2025, Nomupay raised US$37 million at a valuation of US$200 million, with participation from investors including Endeit Capital, bringing its total funding to approximately US$90 million.[17][18]

In June 2025, SB Payment Service (SBPS), the payments subsidiary of Japan's SoftBank Corp., made a US$40 million strategic investment in Nomupay, acquiring a stake of approximately 13.8 per cent at a valuation of US$290 million and taking the company's total funding to approximately US$130 million.[5][6][19][20] The investment was intended to fund Nomupay's entry into the Japanese market through the integration of Japanese alternative payment methods into its platform, and to allow SBPS merchants to access international markets through Nomupay.[5][6][2] In May 2025, Satoru Sakai, a general manager at SBPS, joined Nomupay's board of directors.[21]

Operations

[edit]

Nomupay operates a payments platform that provides local payment methods, merchant acquiring and payout capabilities across multiple markets through a single API, serving merchants and payment providers transacting across Asia, Europe and the Middle East.[1][17] The company generates revenue from transaction-based fees, including margin fees on alternative payment methods, foreign exchange fees at settlement, and acquiring and processing fees.[2] Its competitors include Stripe, Adyen and PayPal, with TechCrunch noting in 2025 that the company had focused on markets that larger providers had not prioritised.[1][17]

As of June 2025, the company employed approximately 230 people.[21]

References

[edit]
  1. ^ a b c d e f g Lunden, Ingrid (31 May 2023). "NomuPay, formed from pieces of failed fintech Wirecard, says it's raised $53.6M for cross-border payments". TechCrunch. Archived from the original on 6 August 2025. Retrieved 6 July 2026.
  2. ^ a b c "SoftBank invests $40m into Irish fintech NomuPay to bolster Japan expansion". Sifted. 3 June 2025. Archived from the original on 6 July 2026. Retrieved 6 July 2026.
  3. ^ a b "Finch Capital's Nomu Pay sweeps up Wirecard Apac assets". Finextra. 16 April 2021. Archived from the original on 15 July 2024. Retrieved 6 July 2026.
  4. ^ a b "UK's Finch Capital acquires Wirecard APAC entities through Nomu Pay". UKTN. 19 April 2021. Archived from the original on 18 August 2025. Retrieved 6 July 2026.
  5. ^ a b c "Irish fintech Nomupay gets $40 million investment from SoftBank". Reuters. 3 June 2025. Retrieved 23 July 2026 – via Yahoo Finance.
  6. ^ a b c "Irish fintech Nomupay lands $40M at a $290M valuation from SoftBank". TechCrunch. 3 June 2025. Archived from the original on 18 November 2025. Retrieved 6 July 2026.
  7. ^ a b Palma, Stefania; Storbeck, Olaf (16 April 2021). "Wirecard administrator agrees sale of chunk of Asia operations". Financial Times. Archived from the original on 26 November 2022. Retrieved 6 July 2026.
  8. ^ Holtermann, Felix (30 March 2021). "Türkische Wirecard-Tochter an Finanzinvestor verkauft" [Turkish Wirecard subsidiary sold to financial investor]. Handelsblatt (in German). Retrieved 6 July 2026.
  9. ^ "Wirecard administrator sells off Asia Pacific assets". The National. 16 April 2021. Archived from the original on 6 July 2026. Retrieved 6 July 2026.
  10. ^ Pathe, Tyler (24 November 2023). "Irish paytech NomuPay acquires UK-based PSP Total Processing". FinTech Futures. Archived from the original on 7 December 2024. Retrieved 6 July 2026.
  11. ^ "Vieną pirmųjų Lietuvos fintech įmonių "Click2Sell" įsigijo "NomuPay"" [One of the first Lithuanian fintech companies, Click2Sell, acquired by NomuPay]. 15min.lt (in Lithuanian). BNS. 13 January 2023. Retrieved 6 July 2026.
  12. ^ a b Lunden, Ingrid (30 November 2023). "NomuPay, formed out of Wirecard's ashes, acquires Total Processing for tooling and customer service". TechCrunch. Archived from the original on 6 August 2025. Retrieved 6 July 2026.
  13. ^ Scammell, Robert (1 December 2023). "Manchester fintech acquired by NomuPay for £28m". UKTN. Archived from the original on 22 February 2024. Retrieved 6 July 2026.
  14. ^ Blakey, Douglas (2 December 2023). "Irish payments platform NomuPay acquires Total Processing". Electronic Payments International. Archived from the original on 6 July 2026. Retrieved 6 July 2026.
  15. ^ "KlickEx Pacific Expands". Vanuatu Daily Post. 14 September 2022. Archived from the original on 28 July 2025. Retrieved 6 July 2026.
  16. ^ a b Comyn, Francesca (6 July 2023). ""Market implosion, falling valuations": Wirecard, the Dublin fintech, and the legal fallout from a €9m takeover". The Currency. Archived from the original on 23 July 2025. Retrieved 6 July 2026.
  17. ^ a b c Lunden, Ingrid (7 January 2025). "NomuPay raises $37M at a $200M valuation to build payment rails in underserved markets across Asia". TechCrunch. Retrieved 23 July 2026.
  18. ^ "Nomupay raises $37m to accelerate access to Asian payment markets". FinTech Global. 9 January 2025. Archived from the original on 18 January 2025. Retrieved 6 July 2026.
  19. ^ Srinivasaragavan, Suhasini (4 June 2025). "Dublin's NomuPay raises $40m from SoftBank Group company". Silicon Republic. Archived from the original on 21 December 2025. Retrieved 6 July 2026.
  20. ^ "ソフトバンク系、欧州の新興決済に出資 外貨決済に対応" [SoftBank affiliate invests in European payments startup; enables foreign-currency settlement]. Nikkei (in Japanese). 3 June 2025. Retrieved 6 July 2026.
  21. ^ a b "Nomupay raises $40M from Softbank company SBPS to dominate Asian payment market". Tech.eu. 3 June 2025. Archived from the original on 14 January 2026. Retrieved 6 July 2026.


Category:Financial services companies established in 2021 Category:Payment service providers Category:Financial technology companies Category:Companies based in Dublin (city) Category:Irish companies established in 2021 Category:2021 establishments in Ireland

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