Irish fintech company Nomupay announced on Tuesday that it has raised $40 million from a SoftBank Corp subsidiary. This investment values the company at $290 million and will support its growth in Asian markets, including Japan.
Nomupay began operations in 2021 after acquiring licenses from Wirecard, a payments firm that collapsed amid Germany’s largest post-war fraud scandal. To date, Nomupay has raised a total of $120 million, with its previous funding round in January bringing in $37 million and valuing the company at $200 million.
Peter Burridge, Nomupay’s CEO, said the company plans to integrate Japanese payment methods provided by SoftBank. This move will allow global customers to access the Japanese market and facilitate joint expansion into other countries.
Nomupay specializes in processing both local and cross-border payments. It competes in a space dominated by major players like Stripe and Adyen. Burridge also stated that the company aims to reach profitability by the end of this year.
This strategic partnership with SoftBank’s SB Payment Service Corp aims to simplify access to Asia’s complex payment landscape for Nomupay’s customers across Europe, Southeast Asia, the Middle East, and beyond. The collaboration will also enhance SoftBank’s global payment offerings through additional payment methods and improved scalability.
In May 2025, Satoru Sakai, General Manager of SBPS Global Business Promotion Division, joined Nomupay’s board, further strengthening ties between the two companies.
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