Nomu Pay Finalises Acquisition of Wirecard’s Hong Kong Entity

Nomu Pay Finalises Acquisition of Wirecard’s Hong Kong Entity

by July 12, 2021
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Nomu Pay, a Finch Capital funded company, has completed two transactions to acquire Wirecard‘s payment entities in Hong Kong and Malaysia.

The firm also 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 strategy to create a 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 said it will be active in five countries, with access to markets of 300 million people.

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, Burridge was President of Hyperwallet, the leading payout platform for on-demand and collaborative economy companies, where he guided the organisation through a successful recapitalisation, followed by global expansion and the ultimate sale of the business to PayPal.

He has also previously served in leadership roles at Oracle, Siebel, and Travelex Global Business Payments. 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.

Peter Burridge

Peter Burridge

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 Finch Capital,

Radboud Vlaar

Radboud Vlaar, Managing Partner of Finch Capital said,

“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.”

 

 

Featured image: Peter Burridge

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