NomuPay, an innovative FinTech firm focused on simplifying global payment processes, has successfully secured funding to support its ambitious expansion plans.
In its latest funding round, NomuPay raised an impressive $53.6 million. The round was co-led by Finch Capital and Outpost Ventures, with participation from private individuals, highlighting strong investor confidence in NomuPay’s strategic approach and vision.
NomuPay addresses the complexity and fragmentation of the global payments landscape by offering a unified and efficient solution. Its flagship product, the Unified Payments (uP) Platform, eliminates the challenges posed by multiple countries, payment types, use cases, channels, and evolving regulations through a single API integration.
With the new funding, NomuPay aims to leverage its successful launch and client onboarding in Q4 2022. The company plans to scale its operations in core markets such as Southeast Asia, Turkey, and Europe. Additionally, NomuPay will expand the reach of the uP Platform to new markets and invest heavily in product development.
The uP Platform provided by NomuPay streamlines fragmented payment infrastructures. This enables omnichannel payments acceptance and payout disbursements. It seamlessly integrates with existing payment infrastructures . In addition, it offers robust data management and reporting capabilities.
Peter Burridge, NomuPay’s CEO , emphasized the company’s mission. He stated, “At NomuPay, we unify fragmented payment networks to alleviate the challenges of multiple systems. Our aim is to provide companies with a comprehensive global payments solution , empowering them to expand globally and future-proof their payment strategies.”
This significant funding round marks a pivotal moment in NomuPay’s journey and underscores its commitment to transforming global payment processes.