News Summary

Irish fintech startup NomuPay has raised $40 million in a Series C funding round led by SB Payment Service, a subsidiary of SoftBank Corp. This investment values the company at $290 million and follows a $37 million Series B round earlier this year. The capital will be used to expand NomuPay’s reach in Asia and other regions, enhance its sales operations, and pursue strategic acquisitions. NomuPay’s platform simplifies cross-border payments for merchants by offering local payment options and managing currency exposures. The company is set to integrate Japanese alternative payment methods and expand its coverage in Singapore, Indonesia, and Vietnam. Founded in 2021, NomuPay has grown to serve over 2,000 merchants globally and expects substantial revenue growth and profitability within the next year.