Latest news with #Nomupay
Yahoo
2 days ago
- Business
- Yahoo
SoftBank's SBPS to take 13.8% stake in Irish fintech Nomupay
SB Payment Service (SBPS), a subsidiary of SoftBank, has invested approximately $40m (approximately Y5.8bn) in Irish fintech Nomupay for acquiring a 13.8% stake. The transaction awaits regulatory clearance. In addition, SBPS and Nomupay have entered a capital and business alliance aimed at strengthening their international payment capabilities. As part of the agreement, SBPS's Global Business Development Division general manager Satoru Sakai has been appointed to Nomupay's board of directors. The alliance supports SBPS to expand its payment services beyond Japan, while aligning with Nomupay's ongoing investments in Europe, the Middle East, and Asia. The partnership will focus on joint initiatives in sales and systems integration to facilitate cross-border commerce for affiliated merchants. SBPS merchants will gain access to Nomupay's Unified Payments platform, enabling international payments through a single system. The platform consolidates back-office functions and integrates APIs, streamlining operations that would otherwise require coordination across multiple service providers. SB Payment Service representative director, president and CEO Jun Shimba said: "In the future, we would like to further deepen our collaborative relationship with Nomupay while utilising SBPS's advanced technological capabilities and digital payment expertise, and actively work towards realising a cashless society in the Asia region." Nomupay Group CEO Peter Burridge stated: 'Since our inception in 2021 we have been robustly active in the region, and the SB Payment Service investment now enables us to double down and support inter-regional commerce by adding additional countries and payment methods to the platform in order to support bi-directional access between Japan, Asia and the rest of the world. Both companies are very aligned on the root cause of complexity in cross border payments.' Nomupay has completed a third investment round of $37m in January this year. "SoftBank's SBPS to take 13.8% stake in Irish fintech Nomupay " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Post
3 days ago
- Business
- Business Post
Dublin fintech Nomupay receives $40m investment from Softbank
The Dublin-based fintech Nomupay has received $40 million (€35 million) in funding from SB Payment Service (SBPS), a subsidiary of the Japanese conglomerate SoftBank. The ...
BreakingNews.ie
3 days ago
- Business
- BreakingNews.ie
Irish fintech Nomupay gets €35m investment from SoftBank
Irish fintech Nomupay has said it received a $40 million (€35 million) investment from an unit of SoftBank at a valuation of $290 million to help it expand in Asian countries such as Japan. Nomupay started operations in 2021 after buying licences from payments company Wirecard, which collapsed a year earlier in Germany's biggest post-war fraud scandal. Advertisement Nomupay has since raised $120 million, with the last round of $37 million in January valuing it at $200 million. "We will integrate the Japanese payment methods that are provided by SoftBank, which means the rest of the world can now access Japan, and then we will jointly expand into other markets," Nomupay chief executive Peter Burridge told Reuters. Nomupay is a payment processor focusing on local and cross-border payments and operates in an industry dominated by the likes of Stripe and Adyen. "We aim to be profitable by the end of the year," Burridge said.
Finextra
3 days ago
- Business
- Finextra
Nomupay expands in Japan with $40 million investment from SoftBank
Japanese giant SoftBank has invested $40m in Dublin's Nomupay, bolstering the firm's ambition to provide an all access pass to the highly fragmented Asian market to international acquirers, merchants, Payment Service Providers and Independent Sales Organisations. 0 The funding round values Nomupay at $290 million, a significant uplift on the $200 million valuation achieved on a $37 million raise in January. The new investment signals the beginning of a partnership between Nomupay and SB Payment Service Corp (SBPS) to provide access to the Japanese market. Nomupay's Unified Payments (UP) platform has been built to enable online, POS and payout capability in multiple Asian, European and Middle Eastern markets simultaneously through a single API. The business was formed by VC Finch Capital out of its 2021 acquisitions of Wirecard assets, specifically local licenses across Turkey and Asia Pacific, as well as separate businesses like Cardinity out of Lithuania to cover European territory. Peter Burridge, former head of operations payouts at PayPal and CEO of Nomupay, says: 'Since our inception in 2021 we have been robustly active in the region, the SBPS investment now enables us to double down and support inter regional commerce by adding additional countries and payment methods to the platform in order to support bi-directional access between Japan, Asia and the rest of the world. 'Both companies are very aligned on the root cause of complexity in cross border payments. This is not just about acquiring, this is a full-service payments platform that supports payment acceptance, treasury and payouts. Merchant growth in the region will be supported by this end-to-end holistic solution."
Time of India
3 days ago
- Business
- Time of India
Irish fintech Nomupay gets $40 mln investment from SoftBank
Live Events Irish fintech Nomupay said on Tuesday it had received a $40 million investment from an unit of SoftBank Corp at a valuation of $290 million to help it expand in Asian countries such as started operations in 2021 after buying licences from payments company Wirecard, which collapsed a year earlier in Germany's biggest post-war fraud has since raised $120 million, with the last round of $37 million in January valuing it at $200 million."We will integrate the Japanese payment methods that are provided by SoftBank, which means the rest of the world can now access Japan, and then we will jointly expand into other markets," Nomupay CEO Peter Burridge told is a payment processor focusing on local and cross-border payments and operates in an industry dominated by the likes of Stripe and Adyen."We aim to be profitable by the end of the year," Burridge said.
