Nopan, the performance platform for account and wallet payments, today announced that it has raised €7.2 million to date, including a new funding round led by Newion, with follow-on investment from Crane and Seedcamp and support from a group of angel investors. Founded by former Netflix payments leaders Konstantin Surkov and Nick Ryabov,
Nopan was created to solve a challenge they experienced first-hand: launching a payment method is relatively easy, but making it perform at scale is much harder.
Having spent years building and optimising payments for some of the world’s largest digital businesses, the founding team brings a merchant-side perspective on what it takes to deliver performance, operational maturity and scale.
While much of the existing payment infrastructure was historically built around cards, Nopan is building payment infrastructure focused on account and wallet payments. Account and wallet payments are gaining momentum across Europe, from emerging pan-European initiatives such as Wero to established local payment methods across individual markets. Yet digital businesses still need these methods to deliver the reliability, scalability and operational maturity they have come to expect from cards.
