Nium, a San Francisco, California- and Singapore- based global leader in real-time cross-border payments, raised US$50m in Series E funding round.
The round was led by a sovereign wealth fund in Southeast Asia and values the company at US$1.4 billion post-money. The sovereign wealth fund joined BOND, NewView Capital, and Tribe Capital.
The company intends to use the funds to further accelerate its growth plans in the B2B payments market, including fueling global network expansion, accelerating product innovation, hiring talent, and pursuing M&A activity.
Led by Prajit Nanu, Founder and CEO, Nium is the global leader in real-time, cross-border payments. Its payout network supports 100 currencies and spans 220+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licences and authorizations in more than 40 countries, enabling onboarding, rapid integration, and compliance – independent of geography.
FinSMEs
05/06/2024