NomuPay, an Irish fintech company specializing in cross-border payment solutions, has successfully secured a $40 million investment from SB Payment Service (SBPS), a subsidiary of Japan’s SoftBank Corp. This latest funding round values the company at $290 million and marks a significant milestone in NomuPay’s rapid growth trajectory.
Strategic Expansion and Integration
Founded in 2021, NomuPay has been at the forefront of simplifying complex payment processes across Asia, Europe, the Middle East, and North America. The recent infusion of capital is earmarked for accelerating the company’s expansion into key Asian markets, including Japan, and enhancing its technological infrastructure.
A pivotal aspect of this expansion involves integrating Japanese alternative payment methods (APMs) into NomuPay’s platform. This integration will enable international merchants to access Japanese consumers without the necessity of establishing a local entity in Japan. Additionally, NomuPay plans to incorporate SBPS cards, multi-currency settlement capabilities, and IC++ billing into its offerings, thereby providing a more comprehensive suite of services to its clients.
Addressing Market Fragmentation
The Asian payment landscape is notoriously fragmented, with varying regulations and diverse consumer payment preferences posing challenges for businesses aiming to operate seamlessly across the region. NomuPay’s Unified Payments (UP) platform addresses these challenges by offering a gateway-agnostic system that enables online, point-of-sale (POS), and payout capabilities across multiple markets through a single API integration. This approach significantly reduces the technical and operational complexities associated with managing multiple regional payment relationships.
Peter Burridge, CEO of NomuPay, emphasized the company’s commitment to providing a more sophisticated and less prescriptive approach to global and regional enterprises scaling in the Asian market. By leveraging local payment networks, NomuPay aims to minimize costs and maximize transparency and speed for its clients.
Rapid Growth and Future Outlook
Since its inception, NomuPay has demonstrated impressive growth, reporting over 100% annual growth over the past two years. The company now serves more than 2,000 merchants worldwide, spanning Europe, the Middle East, and Asia. With the latest funding, NomuPay’s total capital raised reaches approximately $120 million, following a $37 million Series B round in January 2025 that valued the company at $200 million.
The strategic partnership with SoftBank not only provides financial backing but also offers valuable insights and access to the Japanese market, positioning NomuPay to further solidify its presence in Asia. The company is also on the verge of announcing new coverage in Singapore, Indonesia, and Vietnam, which will significantly expand its footprint in Southeast Asia.
Looking ahead, NomuPay aims to achieve profitability by the end of 2025. The company plans to continue its strategic expansion through both organic growth and potential acquisitions, further enhancing its capabilities and market reach.
Conclusion
NomuPay’s recent $40 million investment from SoftBank marks a significant milestone in the company’s mission to simplify and unify payment processes across fragmented markets. By integrating local payment methods and expanding its technological offerings, NomuPay is well-positioned to meet the growing demand for seamless cross-border payment solutions, particularly in the complex Asian market.
