Update NomuPay Group: Doing Business With Wirecard Assets!

FinTelegram update on high-risk payment processor NomuPay
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In December 2022, we conducted an initial review of NomuPay. Whistleblowers informed us that the founder of the now-closed high-risk payment processor Payvision was behind this payment processor, which was launched in 2021. NomuPay took over essential parts of the collapsed Wirecard and is also said to have taken over the business from Payvision. Here is an update on this interesting company.

NomuPay Key Data

Trading nameNomuPay
Business activitiyPayment processor

Legal entitiesNomu Pay Ltd (Ireland)
NomuPay Europe UAB (Lithuania)
Nomu Pay Hong Kong Limited (Hong Kong)
Nomu Pay Malaysia SDN.BDN (Malaysia)
Nomu Pay E-Money Philippines, Inc. (Philippines)
Nomu Pay Singapore Pte. Ltd. (Singapore)
Nomu Pay Australia Pty Ltd (Australia)
Nomu Pay Ödeme ve Elektronik Para Hizmetleri A.Ş. (Turkey)
Related entitiesFinch Capital
JurisdictionsNetherlands, Ireland, Turkey, Hong Kong,
Malaysia, Singapore, Philippines
AuthorizationsBank of Lithuania as a payment institution
Related individualsPeter Burridge (LinkedIn)
Erik Hogenkamp (LinkedIn)
Brendan Collins (LinkedIn)
Owen Burke (LinkedIn)
Radboud Vlaar (LinkedIn)
Chantielle MacFarlane (LinkedIn)
Egidijus Andreika (LinkedIn)

NomuPay Short Narrative

NomuPay was established in 2021. It was co-founded by Finch Capital, an Amsterdam-based venture firm, which also funded the company’s acquisition of assets from the collapsed German Wirecard. Shortly after its foundation, NomuPay took over Wirecard Turkey (link) and parts of the Wirecard APAC organization (Link).

Peter Burridge is the Group CEO, Owen Burke is the group’s financial officer, and Erik Hogenkamp is active as COO of the Group. NomuPay has also established a Board of Industry Visionaries that includes Juan Benitez, Lisa Shields, Jeff Parker, and Radboud Vlaar, managing partner of Fintech Capital.

Over the last 18 months, the Nomupay Group has announced some milestones:

  • In April 2022, the NomuPay Group acquired the New Zealand payment processor KlickEx, although no details of the purchase price were disclosed.
  • At the end of 2022, NomuPay acquired the licensed payment institution Cardinity and renamed it NomuPay Europe.
  • In March 2023, NomuPay Ireland announced that it had raised $53.6 million in a funding round co-led by Finch Capital and Outpost Ventures. We believe this sum includes all investments made directly in NomuPay or one of the acquired entities in the past.

According to its website, NomuPay Group has more than 150 employees worldwide, making it a big player already.

According to a Similarweb analysis, NomuPay, like Wirecard, continues to operate in the high-risk segment and has customers in the gambling, gaming, and online casino sectors.

Wirecard & Payvision

According to the information we received from whistleblowers, NomuPay has taken over parts of both Wirecard‘s and Payvision‘s business. Additionally, there was also a rumor on Twitter that the fugitive former Wirecard board member Jan Marsalek is connected to NomuPay. We can neither confirm nor falsify these rumors.

However, we know that NomuPay has acquired assets from Wirecard in Malaysia Hong Kong, and acquired Wirecard Turkey. The number of hits on the NomuPay websites is not really impressive. In this respect, business is unlikely to have exploded.

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We would like to know more about NomuPay and possible connections to Payvision and Wirecard. Has actual business or employees been taken over by the two collapsed high-risk payment processors? Is Rudolf Booker actually connected to NomuPay?

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