Unified payments platform NomuPay raises $53.6M in Series A round
Unified payments company NomuPay has raised $53.6 million in Series A funding. It is formed by VC Finch Capital out of its 2021 acquisitions of Wirecarda assets, as well as local businesses like Lithuanian company Cardinity (Click2Sell), TechCrunch reports.
- NomuPay was established in 2021, but it launched its first commercial product at the end of 2022. The company offers a unified payments platform for making and taking payments worldwide. Currently, it is now active in 20 countries.
- The platform’s target customers are merchants and other online businesses across international markets. One of the priorities for the company is to acquire local licenses. Lithuanian all-in-one payment system Cardinity was one of them. Back in the January 2023, Cardinity was acquired by NomuPay, who also committed to invest additional $3 million in the company.
- Now, NomuPay completes it’s latest tranche of about $15 million from Outpost Ventures and Finch Capital. In general, the company has accumulated nearly $54 million for its Series A round of funding.
“Under the Leadership of Peter Burridge, NomuPay has made a series of licence acquisitions, and top level hires that has helped to take the company to the next level. On top of this, the company has built a Unified Payments Platform that unlocks local payment acceptance and payout disbursements in geographies that have long lacked a unified system, through a simple and single integration. We are very excited to see how NomuPay addresses the burning need of clients in these core markets,”Radboud Vlaar, managing partner of Finch Capital, commented.
- With the fresh funding, NomuPay will continue expanding its operations, and building more integrations and other functionality into its API.