Ex-Netflix duo's Nopan raises €7.2M to fix bank and wallet payments
What's the deal? NopanDealroom has a profile for this one. Try Dealroom →, an Amsterdam-based payments startup, has raised €7.2 million in an early-stage round led by NewionDealroom has a profile for this one. Try Dealroom →, with backing from Crane Venture PartnersDealroom has a profile for this one. Try Dealroom →, Seedcamp, and angel investors in merchant payments and fintech. The company improves the routing, bank connectivity, and performance of account and wallet payment methods that merchants already use.
What's the endgame? Founded in 2024 by Konstantin Surkov and Nick Ryabov, Nopan tackles a problem the pair spotted on Netflix's Amsterdam payments team: account and wallet methods launch strong but falter as they scale. Rather than building new connections, it optimises existing ones — for example, cutting failed or abandoned payments for retailers offering Wero at checkout.
Why now? Nopan secured its payment institution licence from De Nederlandsche Bank, the Dutch central bank, in the fourth quarter of 2025, covering the European Union. It is also a Principal Member of the European Payments Initiative, which runs Wero, giving it a foothold as the wallet expands from peer-to-peer transfers into e-commerce and recurring payments across France, Germany, and the Benelux.
What could go wrong? The market is crowded. TrueLayer has raised $321.8 million at a $1 billion valuation, and Volt close to $100 million. But those firms connect merchants to banks; Nopan works on payment methods already running, once someone else has done the connecting.
Surkov, co-founder and chief executive officer, said the "real challenge is making it perform reliably across banks, customer behaviours, operational processes and, where relevant, across markets."
The signal: Investors are betting on the reliability gap in bank and wallet payments as the sector scales. The global open banking market for these methods is expected to grow from $51 billion in 2026 to $287 billion by 2033, at a 28% annual rate — and Nopan's €7.2 million round sits above the median for deals of its type.
Read more: Tech Funding News
