In an increasingly globalized commerce landscape, the complexity of cross-border payments has become a pain point for enterprises expanding into high-growth regions like Southeast Asia. Irish fintech NomuPay aims to solve that — and now, with fresh backing from SoftBank, it’s going bigger.
The Dublin-based company has raised a $40 million Series C round led by SB Payment Service (SBPS), a payments subsidiary of SoftBank Corp, pushing its valuation to $290 million. This new funding comes just five months after NomuPay closed a $37 million Series B at a $200 million valuation, underscoring investor confidence in its momentum.
NomuPay offers a unified payments platform that simplifies global payment acceptance, treasury services, and payouts — particularly for enterprises navigating Asia’s fragmented regulatory and alternative payment (APM) ecosystem. From Japan to Vietnam, countries across the region often require separate licenses, integrations, and compliance structures, driving up operational costs. NomuPay is stitching those gaps together through a consolidated infrastructure.
“We’re enabling merchants to connect with Japanese consumers — without needing to set up a local entity,” said Peter Burridge, CEO of NomuPay. “That’s a major unlock for global brands.”
From payments to treasury: full-stack financial infrastructure
NomuPay’s edge lies in its ability to reduce back-office complexity while increasing local access. The platform supports multi-currency virtual accounts, local and cross-border payouts, and FX treasury management — allowing businesses to optimize for cost, speed, and transparency. It decouples payouts from acquiring services, giving enterprises more control over currency exposure and the end-user experience.
The company plans to integrate Japanese APMs, SBPS card processing, multi-currency settlement, and IC++ billing, further deepening its capabilities for global merchants eyeing Asia. “We’re not just processing transactions. We’re powering full-stack financial operations,” Burridge said.
Expansion and acquisitions
The new funding will help NomuPay scale its presence in Singapore, Indonesia, and Vietnam, adding to its current footprint across Europe, the Middle East, and Oceania. Acquisitions will also be a part of the strategy. In November 2023, NomuPay acquired Total Processing, a UK-based provider of payment orchestration, compliance, and recurring billing tools.
The company currently supports over 2,000 merchants, with more than 500 onboarded since its last funding round. Its team has grown to 250 employees, and revenue is on a steep upward curve. NomuPay expects to surpass $45 million in gross annual run-rate revenue and reach $20 million in net revenue by the end of 2025.
“We’ve demonstrated profitable growth,” said Burridge. “But with this capital, we’re choosing to accelerate — and we expect to be profitable again within the next 12 months.”
A SoftBank-backed bet on infrastructure
SoftBank’s investment in NomuPay reflects growing interest in infrastructure-level fintech — platforms that abstract away regional fragmentation and let global businesses scale faster. For SoftBank, which has historically bet on frontier tech and regional champions, NomuPay offers a bridge into Asia’s fast-evolving fintech rails.
With a valuation nearing $300 million and plans to deepen its product and geographic reach, NomuPay is positioning itself as the connective tissue between Western merchants and high-growth consumer bases across Asia and the Middle East.
As global businesses chase growth in emerging markets, platforms like NomuPay — that simplify financial complexity at scale — may be the new enterprise backbone.