Nium has raised $50 million in its Sequence E spherical with plans to boost up its expansion within the B2B bills marketplace.
The actual-time, cross-border bills corporate won the investment within the spherical led via an unidentified sovereign wealth fund in Southeast Asia. The fund joins different former buyers together with BOND, Tribe Capital and NewView Capital.
With the brand new investment, Singapore-based Nium sits at a valuation of $1.4 billion, the corporate stated in its Tuesday announcement.
“This funding defies present investment sentiment in fintech and is a vote of self belief in Nium’s expansion ambitions, specifically as we focal point on serving the desires marketplaces, SaaS platforms, trip and fiscal establishments, for whom bills are undertaking important,” stated Prajit Nanu, founder and CEO of Nium.
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Nanu endured: “Our contemporary undertaking wins with globally identified manufacturers display that there’s robust call for for our customer-centric B2B fee answers as international companies overhaul programs for the real-time generation.”
In 2023, Nium noticed a earnings uptick of fifty% compared to 2022, which it attributes to its product construction roadmap. The corporate additionally has observed a selection of a license portfolio that permits it to do industry in different jurisdictions. Nium has regulatory authorizations in additional than 40 nations and not too long ago won approvals in Japan and New Zealand.
Nium intends to make use of the investment to rent best tier skill, gas international community enlargement, push product innovation and to pursue mergers and acquisitions. In 2021 Nium bought Ixaris, finishing its close to two-decade tenure as an impartial corporate.
“This funding is evidence of our international luck at a time when elevating cash is phenomenally tricky for late-stage, venture-backed corporations,” stated Nanu. “Our buyers consider in our long-term undertaking of establishing the bills infrastructure for on-demand cash motion and this extra funding will let us boost up our aspirations.”
Nium has raised $50 million in its Sequence E spherical with plans to boost up its expansion within the B2B bills marketplace.
The actual-time, cross-border bills corporate won the investment within the spherical led via an unidentified sovereign wealth fund in Southeast Asia. The fund joins different former buyers together with BOND, Tribe Capital and NewView Capital.
With the brand new investment, Singapore-based Nium sits at a valuation of $1.4 billion, the corporate stated in its Tuesday announcement.
“This funding defies present investment sentiment in fintech and is a vote of self belief in Nium’s expansion ambitions, specifically as we focal point on serving the desires marketplaces, SaaS platforms, trip and fiscal establishments, for whom bills are undertaking important,” stated Prajit Nanu, founder and CEO of Nium.
Subscribe to our publication under
Nanu endured: “Our contemporary undertaking wins with globally identified manufacturers display that there’s robust call for for our customer-centric B2B fee answers as international companies overhaul programs for the real-time generation.”
In 2023, Nium noticed a earnings uptick of fifty% compared to 2022, which it attributes to its product construction roadmap. The corporate additionally has observed a selection of a license portfolio that permits it to do industry in different jurisdictions. Nium has regulatory authorizations in additional than 40 nations and not too long ago won approvals in Japan and New Zealand.
Nium intends to make use of the investment to rent best tier skill, gas international community enlargement, push product innovation and to pursue mergers and acquisitions. In 2021 Nium bought Ixaris, finishing its close to two-decade tenure as an impartial corporate.
“This funding is evidence of our international luck at a time when elevating cash is phenomenally tricky for late-stage, venture-backed corporations,” stated Nanu. “Our buyers consider in our long-term undertaking of establishing the bills infrastructure for on-demand cash motion and this extra funding will let us boost up our aspirations.”
