Nomad Payments
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Growth Equity VC | ||
Total Funding | - |
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EditNomad is a leading provider of advanced payment processing solutions, catering primarily to the retail and service sectors. The company operates in the financial technology market, offering both integrated and standalone card processing services that connect with major banks such as ABSA, FNB, Standard Bank, and Nedbank. Nomad's business model revolves around providing a dynamic, customizable, and bespoke payment ecosystem that ensures high security and efficiency for merchants. The company has invested in state-of-the-art infrastructure, including two separate data centers designed to handle large transaction volumes with minimal downtime, thanks to an Active-Active environment. Nomad is compliant with the latest Payment Card Industry Data Security Standard (PCI DSS) Version 3.2.1 and is part of the Payment Card Industry Qualified Integrator Reseller program. This compliance ensures that their systems are configured and secured to the highest standards, providing peace of mind to merchants. Nomad generates revenue through transaction fees and value-added services (VAS) offered to independent merchants and retail chains. The company also focuses on continuous security enhancements to mitigate emerging digital threats, ensuring a secure and reliable payment processing environment.
Keywords: payment processing, retail sector, service sector, financial technology, card processing, data centers, PCI DSS compliance, Active-Active environment, transaction security, value-added services.