Irish fintech startup NomuPay has secured $40 million in Series C funding from SoftBank Corp's subsidiary SB Payment Service, valuing the company at $290 million.
NomuPay simplifies cross-border payments for merchants across Asia, Europe, MENA, and the U.S., and will utilize the funding to expand in key regions and enhance its platform.
The startup plans to add Japan APMs and SBPS cards to its platform, along with multi-currency settlement and IC++ billing, aiming to offer more local payment options and currency management services.
NomuPay aims to increase its global presence, focusing on growth with a target of exceeding $45 million in annualized run-rate revenues and $20 million in net revenue by the end of 2025.