Total amount raised
$338 Million
Latest funding date
6/1/2024
Location
Nium has raised funding over 11 rounds, with the latest being a Series E round. The company has attracted 26 investors, including NewView Capital and Tribe Capital.
Keep reading to explore the intricacies of Nium's fundraising journey and the investors backing this innovative platform.
What Is Nium?
Nium is a global leader in real-time payments infrastructure, enabling businesses to collect, convert, and disburse funds instantly to accounts, cards, and wallets worldwide. The company operates in the finance, financial services, fintech, and payments industries.
Founded in Singapore, Nium has grown to employ between 501 and 1000 people. The company offers a range of products and solutions tailored for financial institutions, platforms, enterprises, and the travel industry.
How Much Funding Has Nium Raised?
- Series B
- Amount Raised: USD 13,000,000
- Date: July 2017
- Lead Investors: GSR Ventures, Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their payment infrastructure and enhance product offerings.
- Series C
- Amount Raised: USD 20,000,000
- Date: November 2018
- Lead Investors: Beacon Venture Capital, MDI Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: USD 21,000,000
- Date: March 2019
- Lead Investors: Vertex Growth Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their global footprint and enhance technological capabilities.
- Series C
- Amount Raised: Not publicly disclosed
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Series Unknown
- Amount Raised: USD 21,000,000
- Date: April 2021
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their payment infrastructure and expand into new regions.
- Series D
- Amount Raised: USD 200,000,000
- Date: July 2021
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand their global network.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Emtek Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance market presence.
- Series D
- Amount Raised: USD 2,960,000
- Date: February 2022
- Lead Investors: Arjun Sethi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product innovation and market expansion.
- Series D
- Amount Raised: USD 5,000,000
- Date: March 2022
- Lead Investors: Moore Strategic Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand their service offerings.
- Series E
- Amount Raised: USD 50,000,000
- Date: June 2024
- Lead Investors: Sovereign wealth fund from Southeast Asia
- Valuation at Round: USD 1.4 billion
- Motivation Behind the Round: To accelerate growth plans, including global expansion, product innovation, and M&A activities.
Total amount raised: USD 333,960,000. Current valuation: USD 1.4 billion.
Key Investors
- GIC
- Details: GIC is a sovereign wealth fund based in Singapore, managing the country's foreign reserves. It is known for its long-term investment strategy across various asset classes.
- Investment Focus Areas: Equities, fixed income, real estate, private equity.
- Notable Investments: Alibaba, UBS, Citigroup.
- Temasek
- Details: Temasek is a global investment company headquartered in Singapore. It has a diverse portfolio spanning multiple industries.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate, life sciences & agribusiness, energy & resources.
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines.
- BOND
- Details: BOND is a venture capital firm that invests in high-growth technology companies. It is known for its strategic investments in the tech sector.
- Investment Focus Areas: Technology, financial services, consumer sectors.
- Notable Investments: Stripe, Canva, Revolut.
- NewView Capital
- Details: NewView Capital is a venture capital firm focusing on growth-stage companies. It aims to support companies through their scaling phases.
- Investment Focus Areas: Technology, enterprise software, financial services.
- Notable Investments: Plaid, Duolingo, Scopely.
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that uses data science to identify and invest in promising startups. It focuses on early-stage and growth-stage companies.
- Investment Focus Areas: Technology, financial services, consumer sectors.
- Notable Investments: Slack, Carta, Bolt.
What's Next for Nium?
Nium stands at the cusp of significant growth opportunities, particularly in the burgeoning B2B payments market, projected to reach USD 175 trillion by 2030. The company plans to leverage its recent USD 50 million Series E funding to expand its global network, innovate products, and pursue strategic mergers and acquisitions. This expansion is expected to solidify Nium's position as a leader in real-time cross-border payments.
Future fundraising opportunities appear promising, with potential for additional investment rounds to support Nium's ambitious growth plans. The company’s recent success in securing high-profile clients and expanding its regulatory licenses across multiple jurisdictions further enhances its attractiveness to investors.
However, Nium may face challenges such as navigating complex regulatory environments, maintaining rapid growth, and competing with other fintech companies. Ensuring continuous innovation and effectively integrating new acquisitions will be crucial for sustaining its momentum in the competitive fintech landscape.
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