International law firm Bird & Bird has advised Endeit Capital, a VC fund based in Amsterdam, on its Series B investment in Nomupay. The funding comprises an €11,600,000 investment led by Endeit Capital with participation from Uneti Ventures and contributions from existing investors which resulted in a total fundraise of €35,900,000.
Endeit Capital, founded in 2006, is a growth capital firm that invests in innovative tech scale-ups across Europe, focused on fields like AI, machine learning, and fintech. It supports visionary entrepreneurs through a strategic ‘Buy & Build’ approach, facilitating numerous acquisitions to drive international growth and innovation.
Nomupay is a Dublin-based fintech startup that provides a unified payments platform, enabling local payment acceptance and payout disbursements across Southeast Asia, Europe, and Turkey. The platform simplifies the complex payment landscape by offering high-penetration alternative payment methods, real-time enabled payouts and end-to-end marketplace funds management.
The Bird & Bird team consisted of corporate partners Struan Penwarden and Brendan O’Brien, corporate associates Will Holder, Albert Mennen, Daniel Faulkner and Thomas Davies, with assistance from Tom Hepplewhite, an associate in our Finance & Financial Regulation team.
Struan Penwarden, lead partner on the transaction, commented: “We are very pleased to have assisted Endeit Capital on their Series B investment into Nomupay, an innovative company in a rapidly expanding market. This transaction is a great example of our growing presence in the Irish VC space since the arrival of Brendan O’Brien and the establishment of our Irish corporate offering in September 2023”.
