EDGE
Get a demo
Log In
All Updates

All Updates

icon
Filter
Funding
Nium raises USD 50 million in Series E to support growth plans
FinTech Infrastructure
Jun 5, 2024
This week:
Product updates
Stability AI launches Stable Diffusion 3 Medium, a text-to-image model
Foundation Models
Yesterday
Product updates
Microsoft discontinues GPT Builder in Copilot
Generative AI Applications
Yesterday
Funding
BlinqIO raises USD 5 million in funding to expand operations
Generative AI Applications
Yesterday
Product updates
Databricks launches innovations to Mosaic AI for production-quality applications
Generative AI Infrastructure
Yesterday
M&A
Rebellions and Sapeon Korea merge to challenge global AI chip leader
Generative AI Infrastructure
Yesterday
M&A
Pluxee to acquire Cobee; expands employee benefits offering
Remote Work Infrastructure
Yesterday
Product updates
Space and Time launches 'Proof of SQL' solution on GitHub
Enterprise Blockchain Solutions
Yesterday
Partnerships
Lido partners with Mellow Finance to launch liquid restaking vaults
Decentralized Finance (DeFi)
Yesterday
Funding
Rivia raises EUR 3 million in seed funding
Clinical Trial Technology
Yesterday
Partnerships
Product updates
Databricks and Shutterstock collaborate to launch enterprise-optimized ImageAI model
Generative AI Infrastructure
Yesterday
FinTech Infrastructure

FinTech Infrastructure

Jun 5, 2024

Nium raises USD 50 million in Series E to support growth plans

Funding

  • 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.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.