Nium is a global leader in real-time cross-border payments led by founder and CEO Prajit Nanu. Its payout network supports 100 currencies and spans 220+ countries, 100 of which operate in real-time, with disbursements to accounts, wallets, and cards and local collections in 35 markets. Nium’s card issuance business is available in 34 countries. The company holds regulatory licences and authorizations in more than 40 countries, enabling onboarding, rapid integration, and compliance across jurisdictions. Nium raised US$50M in a Series E funding round that values the company at US$1.4 billion post-money. The round was led by a sovereign wealth fund in Southeast Asia and included participation from BOND, NewView Capital, and Tribe Capital; proceeds will be used to expand its global network, accelerate product innovation, hire talent, and pursue M&A. Nium offers a global payments infrastructure through a single API, providing card issuance, accounts receivable and payable, and banking-as-a-service. Its network enables customers to send funds to more than 100 countries, pay out in over 60 currencies, accept funds in seven currencies and issue cards in more than 40 countries, and it holds money transfer, card issuance and banking licenses in 11 jurisdictions. The company processes $8 billion in payments annually, has issued over 30 million virtual cards since 2015, and reported revenue growth of more than 280% year-over-year. Nium employs roughly 700 people and is now Singapore-based while planning to shift to the Bay Area; the U.S. currently represents about 3% of revenue and the company aims to grow that to 20% within 18 months. Recent acquisitions include virtual card issuer Ixaris and Wirecard Forex India; the new funding provides a 12–18 month runway for further M&A. Management says the company is on a trajectory toward an IPO and plans to expand its payments network, product development and headcount to onboard thousands more enterprise clients. Nium is a Singapore-based company that provides cross-border payments services. The article identifies its core business as cross-border payments. It has recently secured fresh funding, indicating continued investor interest. The company raised about $21 million in the latest transaction. The investment came from Temasek Holdings. The article does not disclose operating metrics, future plans, valuation, or use of proceeds. Nium is a global financial technology platform that enables consumers and businesses to send, spend and receive funds across borders. Its core product is a diversified payments infrastructure offering Send, Spend and Receive services to consumers, SMEs, large enterprises, banks and financial institutions. The company is regulated across multiple jurisdictions — Australia, Canada, the European Union, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore and the United States — and processes billions of dollars a year. Nium currently operates in over 90 countries, 65 of which have real-time capabilities, and supports 63 currencies. The newly raised (undisclosed) funds will be used primarily for product development and tuck-in acquisitions to compress time to market, with acquisition focus on vertical expertise in Europe, India, the U.K. and the U.S. Led by CEO and co-founder Prajit Nanu, Nium serves banks, payments institutions, e-commerce players, OTAs and retail users globally.

Total raised

$271M

Funding rounds

4

Latest round

Series E

Latest activity

Jun 2024