Nomupay, the Dublin-based fintech streamlining global payments, has secured $40 million from SoftBank’s SB Payment Service (SBPS) to fuel its entry into the Japanese market. The investment, which values Nomupay at $290 million, marks a pivotal step in the company’s mission to unify payment access across Asia’s fragmented landscape. This latest round brings Nomupay’s total funding to over $130 million, following two consecutive years of 100% annual growth. The company aims to achieve profitability in 2025.

Despite the presence of global giants like Stripe, Adyen, AliPay, and PayPal, Asia remains a complex patchwork of over 40 countries and currencies, each with unique payment preferences and regulations. This fragmentation creates significant challenges for merchants expanding across the region. Most global payment providers have limited presence, forcing businesses to navigate a maze of local providers, licenses, and back-office processes. Meanwhile, demand for local payment options grows as cross-border e-commerce surges.

In an exclusive interview with TFN, Nomupay CEO Peter Burridge explains, “Asia is a fragmented and under-penetrated market from a payments perspective. Global gateway providers underserve merchants looking to expand into Asia Pacific. Local acquiring and alternative payment methods often require extensive DIY work. While orchestration platforms have simplified integration, the underlying complexity remains immense.”

What do we know about the Nomupay and SBPS partnership so far?

The partnership with SBPS, a SoftBank Corp. group company, extends beyond mere capital investment. SBPS brings extensive enterprise and merchant relationships and advanced digital payment channels in Japan. This collaboration will enable Nomupay to strengthen its Asian presence, offering seamless access to Japanese consumers from European, Southeast Asian, Middle Eastern, and global merchants.

“This investment enables a joint approach between Nomupay and SBPS to certain markets and accelerates our expansion plans,” says Burridge. “We intend to use the investment to expand in Japan, make acquisitions, and continue our market expansion across Asia.” 

Nomupay’s growth strategy includes local hiring and enhanced partnerships to support global e-commerce and point-of-sale acquiring, as well as international payouts via streamlined API integration. The alliance also allows SBPS to expand its domestic offering globally by leveraging Nomupay’s gateway-agnostic platform and single API for additional payment methods, scalability, and simplified access. 

Transforming Asian payments

Nomupay was founded by fintech veterans Peter Burridge and Radboud Vlaar, Managing Partner at Finch Capital. Burridge brings over 30 years of enterprise software and fintech leadership, including building Hyperwallet (acquired by PayPal in 2018). 

Vlaar’s Finch Capital manages €450 million in assets and has backed over 50 technology companies. With his background at McKinsey and TPG, plus experience co-founding several companies, Vlaar adds significant expertise. The company’s board includes notable industry leaders from WorldFirst, Marqeta, and FISPAN, bringing deep knowledge in payments and technology.

“We have a clear vision for enabling merchants to expand globally and avoid the complexities of fragmentation,” says Burridge. “Our platform architecture allows us to add countries and payment methods easily, normalise settlement data, and provide merchants with a forensic lens on their payments strategy.”

Nomupay is transforming how modern businesses manage payments in fast-growth, fragmented markets. Its unified payment platform streamlines acquiring, treasury, and payouts, enabling enterprises to scale confidently across Asia, Europe, and the Middle East. The company’s Unified Payments (uP) Platform offers omnichannel payment acceptance and payout disbursements through a single API integration, simplifying payment infrastructure throughout Southeast Asia, Europe, and Turkey.

Nomupay’s gateway-agnostic technology supports e-commerce and card-present transactions, allowing other payment service providers to leverage its infrastructure without risking merchant relationships. Merchants benefit from a unified back office providing real-time settlement, reconciliation, and multi-currency management, reducing operational costs and currency conversion losses. The platform streamlines contract and onboarding processes while enabling dynamic funding and comprehensive reconciliation through its unified balance tool.

Nomupay has developed AI agents to help merchants analyse transaction data, automate reconciliation, enhance fraud detection, and optimise business decisions. The platform’s enriched payment data and robust reporting give merchants detailed insights into their payment strategy, supporting smarter growth decisions.

“We solve the complexity of payment fragmentation by aggregating local payment methods into a single, consistent API. Whether transacting online or offline, Nomupay provides centralised control for global payment flows while preserving the local experiences customers expect,” Burridge notes.

What’s next for Nomupay? 

With over $130 million raised to date, Nomupay is set for rapid expansion. The company plans to launch new payment methods and coverage in Japan immediately, expand into Singapore, Indonesia, and Vietnam, and pursue strategic acquisitions to accelerate market reach.

Nomupay has already established a foothold in key Asian markets such as Singapore and Malaysia and is actively growing its team and merchant base in markets like the Philippines. The company recently acquired Total Processing, a Manchester-based startup, to enhance its tooling and customer service offerings, further strengthening its global reach and capabilities.

Nomupay’s vision is to enable seamless bi-directional commerce between Japan, Asia, and the rest of the world, transforming fragmented payment ecosystems into scalable infrastructure. As Burridge concludes, “We are committed to becoming the #1 payment platform in Asia.”