Nomupay, a global fintech startup, has successfully closed a €35.9 million funding round, marking a pivotal step in its mission to streamline access to Asia’s fragmented payments landscape. This funding, led by Endeit Capital and supported by Uneti Ventures and existing investors, brings Nomupay’s total funding to nearly €87.4 million since its inception in 2021.
The round includes €11.6 million raised in the latest tranche, capping off an 18-month funding journey that saw €24.2 million contributed by existing investors. The firm’s remarkable growth—exceeding 100% annually over the past two years—positions Nomupay to achieve profitability by 2025.
A Unified Solution for a Fragmented Market
Nomupay’s Unified Payments (UP) platform offers a gateway-agnostic system enabling online, POS, and payout capabilities across multiple Asian, European, and Middle Eastern markets via a single API. This approach simplifies the back-office complexities associated with fragmented local regulations and diverse payment preferences in Asia, offering unparalleled scalability and transparency for global enterprises.
“Our goal is to become the go-to payments platform to unlock Asia for global companies and vice versa,” said Peter Burridge, CEO of Nomupay. “The dominant global gateway acquirers often limit access and flexibility. Nomupay provides a sophisticated, less prescriptive alternative tailored to the needs of high-growth regions.”
Driving Innovation and Growth
Nomupay’s innovative approach has already attracted major backing from leading investors. Endeit Capital Partner Jonne de Leeuw remarked, “Nomupay has recognized and addressed a major deficiency in the payments landscape, unlocking significant potential in the EMEA and APAC markets with its innovative platform and local market expertise.”
Uneti Ventures also expressed enthusiasm for the company’s gateway-agnostic approach, highlighting its role in facilitating expansion for global acquirers and merchants.
Strategic Expansion and Market Leadership
The funding will accelerate Nomupay’s organic growth and support its expansion into new markets such as Singapore, Indonesia, Japan, and Vietnam. The company already has a strong presence in Kuala Lumpur, Singapore, Manila, Hong Kong, and Bangkok, with plans to strengthen local teams and partnerships.
Nomupay has also bolstered its leadership team with industry veterans like Judith Loh (ex-Worldpay) and Alson Lau (ex-BBSML) to drive further growth and innovation.
Building on a Strong Foundation
Founded in 2021, Nomupay has rapidly gained traction, with its Patholytix digital pathology platform widely adopted by leading pharmaceutical companies and contract research organizations. Its technology has addressed critical gaps in the payments ecosystem, creating opportunities for scalable and efficient operations in high-growth regions.
The company’s recent acquisition of Manchester-based Total Processing underscores its commitment to enhancing its omnichannel offerings and expanding its global footprint.
About Nomupay
Nomupay is a global fintech organization offering secure and flexible payment solutions tailored to the needs of businesses in Southeast Asia, the Middle East, and Europe. By addressing regional challenges and streamlining payment operations, Nomupay is shaping the future of cross-border commerce.
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