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Nium Raises Us$200+ Million Series D And Becomes First Global B2B Payments Unicorn From Southeast Asia

Jul 27, 2021•almost 4 years ago

Round Type

series d

Description

Nium, a leading global B2B payments platform, today announced it has raised a US$200+ million Series D round led by Riverwood Capital – a U.S.-based high-growth tech investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at FIS, Vicky Bindra; and, Co-Founder of Tribe Capital, Arjun Sethi, also contributed to the round. Nium's current valuation is above US$1 billion, making it the first B2B payments unicorn from Southeast Asia. The funding will be used to expand Nium's payments network infrastructure, drive innovative product development, attract top industry talent, and acquire strategic technologies and companies

Company Information

Company

Nium

About

Nium is a leading B2B financial services technology platform that seamlessly connects businesses to the world's payment infrastructure with a single API. Nium's modular platform removes the complexity from global payments and allows banks, payment providers, travel companies, and other businesses to embed financial services, including technologies for pay-outs, pay-ins, card issuance, and banking-as-a-service, in weeks, not months. Once connected to the Nium platform, businesses have the ability to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Nium owns licenses in 11 of the world's largest and fastest-growing jurisdictions to enable seamless global payments, regardless of geography. Nium is part of CB Insights Fintech 250, which highlights the most promising Fintech companies globally. For more information, visit: http://www.Nium.com.