NomuPay, an innovative FinTech firm committed to streamlining global payment processes, has successfully secured funding to fuel its ambitious expansion plans.
The modern end-to-end payment platform garnered an impressive $53.6m in its latest funding round. The venture was co-led by Finch Capital and Outpost Ventures, an investment platform of Neuberger Berman. Several private individuals also participated in this round, demonstrating robust investor confidence in NomuPay’s vision and strategic approach.
At its core, NomuPay is a response to the complexity and fragmentation of the global payments landscape. It presents a unified, efficient, and simplified solution to the ‘multiples’ problem that many expanding enterprises grapple with – multiple countries, payment types, use cases, channels, and ever-evolving regulations. The company’s flagship product, the Unified Payments (uP) Platform, elegantly eliminates these hurdles via a single API integration.
With the fresh funding, NomuPay aims to capitalise on its successful launch and initial client onboarding in Q4 2022. The capital will be used to further scale the business in its core markets – Southeast Asia, Turkey, and Europe. Additionally, NomuPay plans to continue adding new markets to the uP Platform and investing heavily in product development.
NomuPay’s uP Platform is built to streamline fragmented payment infrastructures, facilitating omnichannel payments acceptance and payout disbursements. It is gateway agnostic, meaning it can effortlessly augment existing payment infrastructures. The uP Platform also boasts robust data management and reporting capabilities.
Peter Burridge, CEO of NomuPay, shed light on the company’s mission, “At NomuPay, we remove the burden of ‘multiples’, by unifying fragmented payment networks. We provide companies with an ‘all access pass’ to global payments’, enabling enterprises to continue to expand globally, and to future-proof payment strategies.”
This substantial funding round marks a significant milestone in NomuPay’s journey, reflecting the company’s commitment to revolutionising global payment processes.
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