Nomu Pay, a Finch Capital funded company, today completed two transactions to acquire Wirecard Payment Solutions Malaysia and Wirecard Payment Solutions Hong Kong, and announced the appointment of Peter Burridge as Group Chief Executive Officer, to be based in Singapore.
The acquisitions and appointment are part of Nomu Pay’s high-level strategy to create a market-leading unified payments company focused on high-growth customer segments in Asia-Pacific, the Middle East and Europe.
Nomu Pay is in the process of closing several other transactions related to different Wirecard entities in the Philippines, Thailand and Turkey. Following these deals, Nomu Pay will be active in five countries, with access to markets of 300 million people and a GDP equal to that of India.
Mr. Burridge says: “Nomu Pay is an innovator with the vision of transforming the payments landscape across Asia-Pacific and EMEA. The payments ecosystem has transformed because of the Covid-19 pandemic, and merchants and financial players are committed to innovation. This provides us with a unique opportunity and we are committed to achieving growth alongside our clients by bringing the latest payments technology to market.”
Radboud Vlaar, Managing Partner of Finch Capital, comments: “We are very pleased with the first closings and very excited that Peter joins us as CEO. We are committed to supporting Peter and his team to provide the funding and help needed to accelerate the growth and establishment of the company in key markets.”
Nomu Pay is a newly established company that through its subsidiaries will provide state of the art unified payment solutions to help its clients accelerate growth in large high growth countries in Asia, Turkey and the Middle East region. NOMU Pay is funded by Finch Capital, a leading European and South East Asian Financial Technology investor.
With the acquisition of Citibank’s merchant acquiring portfolio and prepaid card services business in 2017, Wirecard provides financial institutions and regional merchants in Asia Pacific with a wide variety of payment and issuing processing as well as fraud management solutions. Catering to the specific needs of regional merchants across a broad spectrum of industries, the acquired entities are connected to major financial institutions and local payment schemes in Asia Pacific, and hold issuing and acquiring licenses from major payment and card networks.