Nomu Pay completes acquisition of first Wirecard APAC entities - Peter Burridge appointed as new CEO
Singapore, 12 July 2021 -- 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.
Peter Burridge joins Nomu Pay group as Chief Executive Officer with more than 30 years of management and leadership experience at rapid growth technology companies. He specialises in strategic management and global growth of financial technologies companies. Before joining Nomu Pay, Mr. Burridge was President of Hyperwallet, the leading payout platform for on-demand and collaborative economy companies, where he guided the organisation through a successful recapitalization, followed by global expansion and the ultimate sale of the business to PayPal. Peter has also previously served in leadership roles at Oracle, Siebel, and Travelex Global Business Payments.
Mr. Burridge will lead Nomu Pay’s team across the region in the areas of corporate and business development, market entry, establishment of operations, licensing and compliance.
Other new hires to complete the senior management team are being made. Owen Burke was appointed to the role of Finance Director, based in Dublin, Ireland.
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.”
About Nomu Pay
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.
About Wirecard in Hong Kong, Philippines, Malaysia and Thailand
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. The APAC entities provide both business customers and consumers with a constantly expanding ecosystem of realtime value services built around innovative digital payments using an integrated B2B2C approach.
About Finch Capital
Founded in 2013, Finch Capital’s mission is to fund and support the entrepreneurs creating products that shape the future of finance. Finch Capital’s team of 12 investment professionals are entrepreneurs (e.g. Adyen, Deliveroo, Deepmind) and investors (e.g. Accel, Atomico, Egeria) with deep industry backgrounds (e.g. Facebook, Google and McKinsey&Co), located across offices in Amsterdam, London and Jakarta. Its track record includes AccountsIQ, Aylien, BUX, Brytlyt, Fixico, Fouthline, Goodlord, Grab, Hiber, ScalingFunds, Twisto and ZOPA. Finch Capital produces original research including the State of European Fintech and the Fintech sector post Covid-19.
For more information see www.finchcapital.com.