STOCKHOLM, June 3 (Reuters) - Irish fintech Nomupay said

on Tuesday it had received a $40 million investment from an unit

of SoftBank Corp ( SFTBF ) at a valuation of $290 million to help

it expand in Asian countries such as Japan.

Nomupay started operations in 2021 after buying licences

from payments company Wirecard, which collapsed a year earlier

in Germany's biggest post-war fraud scandal.

Nomupay has since raised $120 million, with the last round

of $37 million in January valuing it at $200 million.

"We will integrate the Japanese payment methods that are

provided by SoftBank, which means the rest of the world can now

access Japan, and then we will jointly expand into other

markets," Nomupay CEO Peter Burridge told Reuters.

Nomupay is a payment processor focusing on local and

cross-border payments and operates in an industry dominated by

the likes of Stripe and Adyen.

"We aim to be profitable by the end of the year," Burridge

said.