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Irish fintech NomuPay lands $40M at a $290M valuation from SoftBank
Irish fintech NomuPay raises $40M in a Series C funding round from SoftBank, reaching a $290M valuation. The capital will enhance cross-border payment solutions and expand operations in Asia and beyond, following a previous $37M Series B round. NomuPay aims to simplify payment processes for global merchants and targets significant growth in the coming years.
Key points
- NomuPay raised $40M from SoftBank's SBPS at a $290M valuation.
- This funding follows a $37M Series B round earlier in the year.
- Funds will be used for expansion in Asia, acquisitions, and scaling operations.
- NomuPay's platform simplifies cross-border payment processes for merchants globally.
- Plans include adding Japanese payment methods and multi-currency services.
- NomuPay serves over 2,000 merchants and anticipates a 70% year-over-year growth.
- Expected revenues by 2025: $45M gross and $20M net.
Why it matters
- The increasing demand for diverse payment solutions aligns with global trade trends in 2025.
- NomuPay's expansion reflects the growing fintech landscape in Asia and the challenges facing merchants in navigating diverse regulations.
- The collaboration with SoftBank highlights the ongoing investment interest in fintech startups.
NomuPay's successful funding round positions it for significant growth, enabling easier cross-border payment solutions as it expands into new markets and technologies, reflecting the evolving landscape of global finance.