Irish Fintech Nomupay Secures \(40M Series C from SoftBank at \)290M Valuation
Rapid Growth in Cross-Border Payments
As global commerce continues to expand, businesses increasingly demand seamless cross-border payment solutions. Dublin-based fintech innovator Nomupay has successfully closed a \(40 million Series C funding round led by SB Payment Service (SBPS), a SoftBank Corp subsidiary, achieving a \)290 million valuation.
Bridging Payment Ecosystems Across Continents
Nomupay specializes in simplifying cross-border transactions for merchants operating in:
- Asia’s fragmented payment landscape
- European markets
- MENA region
- United States
This latest investment follows closely on the heels of the company’s \(37 million Series B in January 2025, bringing total funding to approximately \)120 million.
Strategic Expansion Plans
The fresh capital will fuel Nomupay’s ambitious growth strategy, including:
- Geographic expansion across Asia and new markets
- Strategic acquisitions
- Scaling sales and operational capabilities
- Team expansion (currently 250+ employees)
“We’re immediately adding Japanese alternative payment methods to our platform,” revealed CEO Peter Burridge in an exclusive TechCrunch interview. “This enables global merchants to access Japanese consumers without establishing local entities.”
Enhanced Payment Infrastructure
Nomupay’s platform offers merchants:
- Localized payment options without back-office complexity
- Multi-currency virtual accounts
- Comprehensive treasury services
- Foreign exchange management
“We decouple global payouts from acquiring services,” Burridge explained. “This approach lets merchants optimize currency exposures, FX costs, and payment experiences while leveraging local networks for cost efficiency and speed.”
Addressing Asian Market Challenges
Expanding into Asia presents unique hurdles for businesses, including:
- Complex licensing requirements
- Diverse regulatory frameworks
- Multiple payment method integrations
Nomupay is poised to announce new coverage in Singapore, Indonesia, and Vietnam, significantly strengthening its Southeast Asia and Oceania presence.
Impressive Growth Metrics
Since its Series B funding, Nomupay has:
- Onboarded 500+ new merchants
- Achieved 70% YoY growth
- Expanded to 2,000+ global merchants
The company’s November 2023 acquisition of Manchester-based Total Processing bolstered its payment processing capabilities, including:
- Recurring payments
- Risk management
- Compliance solutions
- Payment integrations
Financial Outlook
Nomupay projects:
- $45M+ gross annualized run-rate revenue
- $20M net revenue by 2025 year-end
“We’ve demonstrated profitable growth potential,” Burridge noted. “With this funding, we’re prioritizing expansion with expected profitability within 12 months.”
The company monetizes through transaction volume-based fees for payment acceptance and payout services across buyer-seller platforms.
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