Nium, a Singapore-based cross-border and domestic payment infrastructure provider, has raised USD 50 million in Series E funding led by a sovereign wealth fund in Southeast Asia with participation from BOND, NewView Capital, and Tribe Capital. Nium's total funding now stands at USD 338 million, with a post-money valuation of USD 1.4 billion (up from USD 1 billion in 2021 ).

The funds raised will be used to support its growth plans in the B2B payment market, including accelerating global network expansion, product innovation, hiring top talent, and pursuing M&A activity.

Nium reported a 50% YoY growth in revenue for 2023 and currently holds regulatory licenses and authorizations in over 40 countries. The company recently received additional regulatory approvals, including a Type 1 Funds Transfer Service Provider (FTSP) license from Japan's Financial Service Agency (FSA) and registration on the Financial Service Provider Register (FSPR) in New Zealand.