Nomupay, an Irish fintech company, raised $40 million through a partnership with SB Payment Service Corp, aiming to streamline payment solutions for over 1,500 merchants across Asia, Europe, and EMEA.

Information on the Target

Irish fintech company Nomupay has successfully raised $40 million in a pivotal funding round and has entered into a significant partnership with SB Payment Service Corp (SBPS), a subsidiary of SoftBank Corp. This deal values Nomupay at $290 million. Launched in 2021, Nomupay operates across Asia, Europe, and EMEA, delivering an all-in-one payment solution designed to streamline financial transactions for businesses.

Nomupay has established itself as a critical player in the fintech sector, providing over 1,500 merchants with comprehensive payment services including pay-ins, payouts, and acquiring solutions. The company’s dedicated team of more than 230 innovators is committed to helping businesses expand globally, particularly in accessing the complex and fragmented Asian market.

Industry Overview in Asia

The fintech industry in Asia has been experiencing rapid growth, driven largely by increasing digitalization and rising demand for innovative payment methods. Companies seeking to penetrate the Asian market face challenges stemmi