As global trade evolves, there’s an increasing demand for diverse cross-border payment options. That’s why an Irish-based fintech startup called NomuPay has raised $40 million in a Series C round from SB Payment Service (SBPS), a subsidiary of Japanese telco giant SoftBank Corp, at a valuation of $290 million.
NomuPay makes it easier for merchants to process cross-border payments across the fragmented payment system in Asia, as well as for merchants and their customers in Europe, MENA, and the U.S.
The latest Series C funding round comes roughly five months after its previous $37 million Series B funding round at a $200 million valuation in January earlier this year, bringing its total raised to approximately $120 million.
The startup will use the new capital for the next phase, which involves expanding its reach in key regions, including Asia and beyond, as well as acquisitions. In addition, it will double down on scaling its sales and operations to reach both existing and new locations.
“Starting immediately, we will be adding Japan APMs [alternative payment methods] to our platform, enabling the rest of world merchants to plug into us and get access to Japanese consumers without having to have an entity in Japan,” Peter Burddige, CEO of NomuPay said in an interview with TechCrunch.
Burddige says it also plans to add SBPS cards to its platform, as well as multi-currency settlement and IC++ billing.
The startup CEO says his platform allows merchants to offer more local payment options to their customers without adding complexity to their back office. Additionally, it provides merchants with multi-currency virtual accounts and treasury services to manage their foreign exchange (FX).
“We enable merchants to manage their global payouts decoupled from their acquiring service. This enables the merchant to manage their currency exposures, their FX costs, and the entire payment experience of their suppliers and payees. We use local payment networks to minimize costs and maximize transparency and speed,” Burddige continued.
Expanding businesses in Asia often face challenges in obtaining multiple licenses, navigating diverse regulations, and managing various payment methods, which can result in costly back-office operations and complexity. However, more companies are seeking accessibility to serve the Asian market.
The startup is close to announcing new coverage in Singapore, Indonesia, and Vietnam, which will significantly expand its presence in Oceania and Southeast Asia, Burddige told TechCrunch.
The four-year-old startup now serves more than 2,000 merchants across the globe, spanning Europe, the Middle East, and Asia. NomuPay acquired Totla Processing, a Manchester-based startup specializing in the development of payment processing solutions, including recurring payments, risk management, data security compliance, and payment integrations, in November 2023.
Burddige said that after receiving its last round of funding earlier this year, the company has successfully onboarded over 500 new merchants, is expected to increase its growth by over 70% year over year, and has expanded its team to over 250 employees.
The startup generates revenue by charging fees based on the volume of transactions processed by merchants, using payment acceptance services and payouts on platforms that serve both buyers and sellers
NomuPay expects to exceed $45 million in gross annualized run-rate revenues and $20 million in net revenue by the end of 2025, according to Burridge. “We have proven we can show profitable growth, but with the fresh funding, we have made a deliberate decision to focus on growth and expect profitability within 12 months.”
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![The Pope’s AI Warning Could Help Workers Seek Religious Exemptions From Using AI
Pope Leo XIV’s recent encyclical on AI could set off a wave of workers seeking religious exemptions from using the tech at work. One software engineer in North Carolina already secured one last month, Business Insider reports. Erin Maus, a Unitarian Universalist, first sought the accommodation in April at the large tech-entertainment company where she works, which she described as progressive. She argued that using AI did not align with her religious beliefs because of environmental and ethical concerns. Maus was granted the exemption in May, before the pope’s AI remarks. “I’m writing my code and reviewing my code by hand, which seems crazy to say,” Maus told Business Insider. “Just two years ago, how else would you do it?”
Maus is unlikely to be the only person seeking a similar accommodation as companies increasingly invest in AI and push, sometimes even mandate, employees to use the technology. In the U.S., the share of employees who say they use AI at least a few times a year at work has nearly doubled from 21% to 40% in 2025, according to Gallup.
Now, the pope’s remarks and official theological document could give some workers a stronger argument. “In the era of artificial intelligence, when human dignity is threatened by new forms of dehumanization, ours is the pressing duty to remain profoundly human,” the pope wrote in his 43,000-word encyclical titled Magnifica Humanitas, published last month. He wrote that AI is dehumanizing society by reducing “the mystery of the person into data and performance” and called on the tech industry to avoid “the idolatry of profit that sacrifices the weak.”
The pope continued that “a slower pace in adopting AI does not mean opposing progress; instead, it is an exercise of responsible care for the human family.” That call for a slower adoption of AI could be enough for some workers to argue they should not be required to use it on the job. “When he’s speaking, he’s speaking as the pontiff—as a religious figure—so he’s raising these human dignity issues as religious issues, theological issues,” Jonathan Segal, an employment attorney and Duane Morris partner, told HR Brew this month. “I think it is inevitable that some employees will rely on this to say…I can’t use AI because it conflicts with a religious belief that I have.” Under Title VII of the Civil Rights Act of 1964, employers are required to make reasonable accommodations for workers whose sincerely held religious beliefs conflict with a work requirement, unless the accommodation creates an undue hardship for the employer.
And it’s not a stretch to think some of these requests could at least get serious consideration. Just a few months ago, Rex Healthcare agreed to pay $150,000 to settle a lawsuit from the U.S. Equal Employment Opportunity Commission accusing the company of unlawfully denying a remote employee’s request to be exempted from its mandatory COVID-19 vaccine policy over religious beliefs. “I think this opens a door—or it’s a little bit of a road map—for employees to raise concerns,” Segal told HR Brew. “What the courts have said—what the EEOC has most definitely said—is that, as the general proposition, we shouldn’t question the legitimacy [of] sincerely held religious beliefs.” #Popes #Warning #Workers #Seek #Religious #ExemptionsAI,Pope Leo XIV,work The Pope’s AI Warning Could Help Workers Seek Religious Exemptions From Using AI
Pope Leo XIV’s recent encyclical on AI could set off a wave of workers seeking religious exemptions from using the tech at work. One software engineer in North Carolina already secured one last month, Business Insider reports. Erin Maus, a Unitarian Universalist, first sought the accommodation in April at the large tech-entertainment company where she works, which she described as progressive. She argued that using AI did not align with her religious beliefs because of environmental and ethical concerns. Maus was granted the exemption in May, before the pope’s AI remarks. “I’m writing my code and reviewing my code by hand, which seems crazy to say,” Maus told Business Insider. “Just two years ago, how else would you do it?”
Maus is unlikely to be the only person seeking a similar accommodation as companies increasingly invest in AI and push, sometimes even mandate, employees to use the technology. In the U.S., the share of employees who say they use AI at least a few times a year at work has nearly doubled from 21% to 40% in 2025, according to Gallup.
Now, the pope’s remarks and official theological document could give some workers a stronger argument. “In the era of artificial intelligence, when human dignity is threatened by new forms of dehumanization, ours is the pressing duty to remain profoundly human,” the pope wrote in his 43,000-word encyclical titled Magnifica Humanitas, published last month. He wrote that AI is dehumanizing society by reducing “the mystery of the person into data and performance” and called on the tech industry to avoid “the idolatry of profit that sacrifices the weak.”
The pope continued that “a slower pace in adopting AI does not mean opposing progress; instead, it is an exercise of responsible care for the human family.” That call for a slower adoption of AI could be enough for some workers to argue they should not be required to use it on the job. “When he’s speaking, he’s speaking as the pontiff—as a religious figure—so he’s raising these human dignity issues as religious issues, theological issues,” Jonathan Segal, an employment attorney and Duane Morris partner, told HR Brew this month. “I think it is inevitable that some employees will rely on this to say…I can’t use AI because it conflicts with a religious belief that I have.” Under Title VII of the Civil Rights Act of 1964, employers are required to make reasonable accommodations for workers whose sincerely held religious beliefs conflict with a work requirement, unless the accommodation creates an undue hardship for the employer.
And it’s not a stretch to think some of these requests could at least get serious consideration. Just a few months ago, Rex Healthcare agreed to pay $150,000 to settle a lawsuit from the U.S. Equal Employment Opportunity Commission accusing the company of unlawfully denying a remote employee’s request to be exempted from its mandatory COVID-19 vaccine policy over religious beliefs. “I think this opens a door—or it’s a little bit of a road map—for employees to raise concerns,” Segal told HR Brew. “What the courts have said—what the EEOC has most definitely said—is that, as the general proposition, we shouldn’t question the legitimacy [of] sincerely held religious beliefs.” #Popes #Warning #Workers #Seek #Religious #ExemptionsAI,Pope Leo XIV,work](https://gizmodo.com/app/uploads/2026/05/shutterstock_2666910201-1280x853.jpg)

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