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Irish paytech NomuPay acquires UK-based PSP Total Processing

  • NomuPay’s Acquisition:
    • Irish unified payments platform NomuPay has acquired UK-based payment services provider Total Processing.
    • NomuPay now “holds, directly or indirectly, 75% or more of the shares” of Total Processing, according to a Companies House filing.
  • Total Processing Overview:
    • Total Processing, founded in 2015 and based in Manchester, offers payment solutions globally, including online payments, virtual terminals, and card readers.
    • It serves e-commerce and in-store merchants in Europe, North America, and the MENA region.
  • Financial Details:
    • The financial details of the acquisition deal are currently unknown.
  • NomuPay’s Background:
    • NomuPay, formed in 2021 after Finch Capital acquired assets from the former German payment processor Wirecard, provides cross-border payment acceptance and payout disbursements via API integration.
  • Global Expansion:
    • NomuPay, backed by Finch Capital and Outpost Ventures, expanded its operations by acquiring Wirecard’s local licenses in Turkey, Hong Kong, Malaysia, Thailand, and the Philippines.
    • It further expanded by acquiring Lithuanian fintech Click2Sell and its European license in late 2022.
  • Funding Round:
    • In May of the current year, NomuPay raised $53.6 million in a funding round led by Finch Capital and Outpost Ventures.
  • Strategic Implications:
    • The acquisition of Total Processing positions NomuPay to access new audiences in North America and the MENA region.
    • It also provides access to Total Processing’s technology and talent, aligning with NomuPay’s goal to scale its business, as announced in May.

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