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SoftBank Backs Nomupay with $40 Million to Open Japanese Market for Global Payments
Dublin-based payments platform Nomupay has received a $40 million investment from Japan’s SoftBank, a move that strengthens the fintech firm’s push into Asia and signals its first major step into the Japanese market. The funding increases Nomupay’s valuation to $290 million, up from $200 million in January following a previous $37 million raise.
The investment also marks the beginning of a strategic alliance between Nomupay and SB Payment Service Corp (SBPS), a subsidiary of SoftBank. The collaboration is expected to unlock access to Japan’s complex payments environment for international businesses, including acquirers, merchants, Payment Service Providers (PSPs), and Independent Sales Organisations (ISOs).
Connecting Global Commerce Through One Platform
Nomupay’s Unified Payments (UP) platform is designed to handle online, in-store (POS), and payout transactions across multiple regions, including Asia, Europe, and the Middle East—all accessible through a single API. The platform offers a way for international businesses to overcome the fragmentation that often hinders cross-border payments in the region.
The company was created by venture firm Finch Capital in 2021 following the acquisition of key Wirecard assets in Asia Pacific and Turkey. Additional acquisitions, such as Lithuania-based Cardinity, extended its reach across Europe. With this expanded infrastructure, Nomupay now positions itself as a central hub for payments moving in and out of Asia.
Leadership Sees Broad Potential in Regional Growth
CEO Peter Burridge, who formerly led operations payouts at PayPal, highlighted the deal as a pivotal moment in Nomupay’s growth. He explained that the investment would allow the company to enhance its platform by expanding into new markets and integrating additional payment methods.
The partnership is expected to promote two-way commerce between Japan and international markets. By offering bi-directional payment functionality, Nomupay aims to simplify both inbound and outbound transactions for global businesses operating in or targeting Japan.
SoftBank Signals Strategic Confidence in Fintech Infrastructure
SoftBank’s involvement underlines continued interest in scalable fintech infrastructure that addresses regional complexity. Japan remains a challenging but lucrative market for payments technology, and the partnership with SBPS gives Nomupay a unique advantage in local integration and regulatory navigation.
For Nomupay, the $40 million investment offers not just capital but also credibility. Access to SoftBank’s local network and experience in Japan could prove vital as the company works to expand merchant and partner relationships.
A Step Toward Regional Payments Consolidation
While the broader payments sector remains crowded, Nomupay’s strategy focuses on reducing friction in regional commerce by offering a full-service payments solution. By streamlining access to Asia’s fragmented payments networks through a single integration, the company is positioning itself as a facilitator of international trade in a digital economy.
The funding round and partnership suggest that Nomupay will continue to grow its footprint in Asia, with Japan serving as both a proving ground and gateway. If successful, the initiative could encourage further investment in cross-border fintech platforms that aim to solve persistent barriers in international commerce.
