đź“ť Nomupay raises $37M

Author

Liam Gill
January 09, 2025

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Nomupay, a Dublin-based startup formed in 2023 from Wirecard’s regional payment licenses, is making waves in cross-border payments across Asia and the Middle East, targeting areas neglected by giants like Stripe and Adyen. The company recently secured $37 million in Series B funding, led by Endeit Capital and Uneti Ventures, following a period of rapid growth — 100% annual revenue increases over the past two years, $20 million ARR, and profitability anticipated this year. Valued at approximately $200 million, Nomupay supports localized payment methods, catering to the fragmented payment landscapes of its target regions, such as Malaysia’s 20 wallets. Its 1,611 merchants, including Ikea, are driving surging transaction volumes, underscoring its success. The funding will fuel M&A efforts and geographic expansion, including Singapore, Indonesia, and Vietnam, as the startup positions itself as an enabler for businesses underserved by larger “monolith” providers.

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