Nomu Pay completes the acquisition of the first Wirecard APAC entities



Peter Burridge appointed as CEO

SINGAPORE, Jul 12, 2021 / PRNewswire / – Nomu Pay, a Capital finch 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 CEO of the group, 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 agreements, Nomu Pay will be active in five countries, with access to markets of 300 million people and a GDP equal to that of India.

Peter Burridge joins Nomu Pay Group as CEO with over 30 years of management and leadership experience in fast growing technology companies. He specializes in the strategic management and global growth of FinTech companies. Prior to joining Nomu Pay, Mr. Burridge was President of Hyperwallet, the leading payment platform for businesses in the on-demand and collaborative economy, where he guided the organization through a successful recapitalization, followed by ‘global expansion and final sale of the business to PayPal. Peter has also held executive positions at Oracle, Siebel and Travelex Global Business Payments.

Mr. Burridge will lead the Nomu Pay team across the region in the areas of enterprise and business development, market entry, operations establishment, licensing and compliance.

Other new hires to complete the management team are underway. Owen Burke has been appointed Chief Financial Officer, based in Dublin, Ireland.

Mr. Burridge says: “Nomu Pay is an innovator with the vision to transform the payments landscape through Asia Pacific and EMEA. The payments ecosystem has transformed due to the Covid-19 pandemic, and merchants and financial players have engaged in innovation. This offers us a unique opportunity and we are committed to achieving growth alongside our customers by bringing the latest payment technologies to market. “

Radboud Vlaar, Managing Partner of Finch Capital, comments: “We are very satisfied with the first closings and very happy that Peter is joining us as CEO. We are committed to supporting Peter and his team to provide the funding and assistance needed to accelerate growth. and the establishment of the company in key markets. “

About Nomu Pay

Nomu Pay is a newly formed company that, through its subsidiaries, will provide cutting-edge unified payment solutions to help customers accelerate their growth in large, high-growth countries by Asia, turkey and the Middle East Region. NOMU Pay is funded by Capital finch, a leading investor in Europe and Southeast Asia in financial technologies.

About Wirecard in Hong Kong, Philippines, Malaysia and Thailand

With the acquisition of Citibank’s merchant acquisition portfolio and prepaid card services business in 2017, Wirecard provides financial institutions and regional merchants with Asia Pacific with a wide variety of payment and issuance processing as well as fraud management solutions. Responding to the specific needs of regional merchants across a wide range of industries, the acquired entities are connected to major financial institutions and local payment systems in Asia-Pacific, and hold issuance and acquisition licenses from major payment networks. and cards. APAC entities provide business customers and consumers with an ever-expanding ecosystem of real-time value services built around innovative digital payments using an integrated B2B2C approach.

About Finch Capital

Founded in 2013, Finch Capital’s mission is to finance and support entrepreneurs creating products that shape the future of finance. Finch Capital’s team of 12 investment professionals is made up of entrepreneurs (eg Adyen, Deliveroo, Deepmind) and investors (eg Accel, Atomico, Egeria) with extensive industry experience (e.g. Facebook, Google and McKinsey & Co), located in offices in Amsterdam, London and Jakarta. His track record includes AccountsIQ, Aylien, BUX, Brytlyt, Fixico, Fouthline, Goodlord, Grab, Hiber, ScalingFunds, Twisto and ZOPA. Finch Capital produces originals research including the state of European Fintech and the post-Covid-19 Fintech sector. For more information see www.finchcapital.com.

SOURCE Nomu Pay



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