NomuPay Acquires Manchester Fintech Total Processing for £28m, Accelerates Global Expansion

Irish payments platform NomuPay has acquired Manchester-based fintech firm Total Processing for a staggering £28 million ($35 million). The acquisition, a blend of stock and cash, propels NomuPay’s total valuation to an impressive $135 million, following its recent $53.6 million Series A funding round in May. NomuPay, born from the remnants of the collapsed German fintech giant Wirecard in 2021, is set to revolutionize the financial technology landscape with this strategic acquisition. The Dublin-headquartered company, known for its end-to-end payment platform, plans to integrate Total Processing’s comprehensive merchant services, encompassing recurring payment collections and cutting-edge risk management tools. Peter Burridge,…