Nomu Pay acquires Wirecard’s Malaysia and Hong Kong entities
By Leandra Monteiro
Nomu Pay, a Finch Capital funded company, 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 an 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. He brings with him more than 30 years of management and leadership experience at rapid growth technology companies. He specialises in strategic management and growth of financial technologies companies.
Before joining Nomu Pay, Mr. Burridge was President of Hyperwallet, the 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.
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. He has also previously served in leadership roles at Oracle, Siebel, and Travelex Global Business Payments.
Mr. Burridge said, “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 commented, “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.”
IBSi Prime News
November 26, 2021
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November 26, 2021