NomuPay, an Irish fintech startup, has secured $40 million in Series C funding from SB Payment Service. This funding aims to improve cross-border payment processing, particularly in Asia, Europe, MENA, and the U.S. The company focuses on providing merchants with diverse payment options while streamlining their operations. The CEO, Peter Burddige, announced plans to introduce alternative payment methods for Japan, enhance multi-currency settlements, and expand merchant capabilities in managing foreign exchange. The overall objective is to bolster NomuPay's market presence through strategic growth and acquisitions.
Starting immediately, we will be adding Japan APMs [alternative payment methods] to our platform, enabling the rest of world merchants to plug into us and get access to Japanese consumers without having to have an entity in Japan.
We enable merchants to manage their global payouts decoupled from their acquiring service. This enables the merchant to manage their currency exposures, their FX costs, and the entire payment experience of their suppliers and payees.
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