NomuPay, a Dublin, Ireland-based modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, acquired Total Processing, a Manchester, UK-based merchant services and bespoke payment processing solution provider.
The terms of the deal – a mixture of stock and cash – have not been disclosed.
The deal, which comes just months after NomuPay’s Series A funding announcement, will enable the Ireland-based company to accelerate their business expansion efforts throughout Southeast Asia, Europe, Turkey as well as enter the Middle East. NomuPay will provide Total Processing with additional acquiring capabilities in Hong Kong, Malaysia, Thailand, the Philippines and the European Union.
Led by CEO Peter Burridge, NomuPay provides an end-to-end payment solution, the Unified Payment (uP) Platform, which makes it easy to accept payments and send payouts in Europe and across the expansion markets of Southeast Asia and Turkey through a single integration. Purpose-built to support international growth efforts, the uP Platform’s secure API unlocks a wide range of payment acceptance methods, including card, buy-now-pay-later solutions, instalment payment plans, and local alternative payment methods in Thailand, Malaysia, Hong Kong, the Philippines and Turkey. Architected to enable payouts based on existing organisation’s unique payment workflows, NomuPay’s uP Platform provides payment providers, large enterprises, and marketplaces with end-to-end payment visibility and traceability. Founded in 2021, the company has a presence in Dublin, Hong Kong, Kuala Lumpur, Manila, Istanbul and Bangkok.
Led by Robert Pailin, CEO, Total Processing offers tailored payment solutions to simplify the merchant experience, enhanced reporting, and a market leading recurring payments platform.
Following the acquisition, NomuPay plans to further scale Total Processing’s merchant tooling into Hong Kong and other key Southeast Asian markets. The company will also leverage Total Processing’s presence in the UK and UAE to further bolster their European operations and grow market share in the Middle East. “At NomuPay, our goal is to provide our customers with an ‘all-access pass’ to payments, future-proofing their ability to successfully scale in high-growth regions,” said Burridge. “The acquisition of Total Processing will enable us to unlock that access through dedicated solutioning and customer-driven servicing.
FinSMEs
30/11/2023