- NomuPay raises $40M in Series C from SoftBank’s SBPS at a $290M valuation.
- Funds will support expansion in Asia, integration of Japan APM, and acquisitions.
- Serves 2,000+ merchants, with 500+ added in 2025 and 70% YoY growth.
- Projects $45M gross and $20M net revenue by end of 2025.
Irish-based startup NomuPay has raised $40 million in a Series C funding round led by SB Payment Service (SBPS), a subsidiary of Japanese telecom giant SoftBank Corp. The investment values NomuPay at $290 million, following closely on the heels of a $37 million Series B round in January 2025, which had valued the company at $200 million.
With this latest funding, NomuPay has now secured approximately $120 million in total capital, positioning it to expand its innovative cross-border payment solutions globally.
Simplifying Cross-Border Payments
NomuPay specializes in streamlining cross-border payments, particularly in Asia’s fragmented payment landscape, while also serving merchants and customers in Europe, the Middle East, North Africa (MENA), and the United States.
The platform enables businesses to offer diverse local payment options without complicating their back-office operations. By integrating alternative payment methods (APMs), multi-currency virtual accounts, and treasury services, NomuPay helps merchants manage foreign exchange (FX) costs and enhance the payment experience for suppliers and payees.
“Our platform allows merchants to provide more local payment options without adding complexity,” said Peter Burridge, CEO of NomuPay, in an exclusive interview with TechCrunch. “We’re decoupling global payouts from acquiring services, enabling merchants to manage currency exposures, reduce FX costs, and leverage local payment networks for transparency and speed.”
Strategic Expansion Plans
The fresh capital will fuel NomuPay’s ambitious expansion plans, with a focus on strengthening its presence in Asia and exploring new markets.
The company is set to introduce Japan APMs to its platform, allowing international merchants to access Japanese consumers without establishing a local entity. Additionally, NomuPay plans to integrate SBPS cards, multi-currency settlement, and IC++ billing to enhance its offerings.
Burridge revealed that NomuPay is close to announcing expanded coverage in Singapore, Indonesia, and Vietnam, significantly boosting its footprint in Oceania and Southeast Asia. These regions present unique challenges, including navigating diverse regulations and securing multiple licenses.
However, NomuPay’s platform is designed to simplify these complexities, making it easier for businesses to tap into Asia’s growing markets.
Growth and Acquisitions
Founded four years ago, NomuPay now serves over 2,000 merchants across Europe, the Middle East, and Asia. Following its Series B funding earlier this year, the company onboarded more than 500 new merchants and expanded its team to over 250 employees.
In November 2023, NomuPay acquired Total Processing, a Manchester-based startup specializing in payment processing solutions, including recurring payments, risk management, and data security compliance. This acquisition has strengthened NomuPay’s capabilities and market position.
The company’s revenue model is based on transaction volume fees, catering to platforms that serve both buyers and sellers. NomuPay projects gross annualized run-rate revenues to exceed $45 million and net revenues to surpass $20 million by the end of 2025.
“We’ve demonstrated profitable growth, but with this new funding, we’re prioritizing expansion and expect to achieve profitability within the next 12 months,” Burridge stated.
Meeting Global Demand
As global trade continues to evolve, businesses increasingly demand flexible and efficient cross-border payment solutions. NomuPay’s ability to minimize costs and maximize transparency positions it as a key player in the fintech space.
By addressing the challenges of managing diverse payment methods and regulatory requirements, the company is well-positioned to meet the needs of merchants expanding into Asia and beyond.
With its latest funding and strategic initiatives, NomuPay is set to redefine how businesses handle cross-border payments, offering a seamless and cost-effective solution for a rapidly globalizing world.
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