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Total amount raised
$312M
Latest funding date
2025-01-01
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.
Nium has raised over $312 million across 11 funding rounds and is backed by more than 26 investors, including the Brunei Investment Agency, Riverwood Capital, Visa, Temasek, NewView Capital, Tribe Capital, and BOND.
Keep reading to explore Nium's fundraising journey, key investors, and what lies ahead for this global cross-border payments leader.
What Is Nium?
Nium is a Singapore-headquartered global fintech company that provides real-time cross-border payment infrastructure, including payouts, pay-ins, card issuance, and banking-as-a-service. Founded in 2014 by Prajit Nanu and Michael Bermingham, Nium powers B2B payments for banks, enterprises, and financial institutions across more than 100 currencies and 190+ countries. The company achieved unicorn status in July 2021 following its $200 million Series D round.
How Much Funding Has Nium Raised?
- Seed Round
- Amount Raised: USD 500,000
- Date: January 2015
- Lead Investors: Global Founders Capital (VC arm of Rocket Internet founders)
- Series A
- Amount Raised: USD 5,000,000
- Date: March 2016
- Lead Investors: Vertex Ventures Southeast Asia & India
- Participants: Fullerton Financial Holdings, Global Founders Capital
- Series B
- Amount Raised: USD 13,000,000
- Date: July 2017
- Lead Investors: GSR Ventures
- Participants: SBI-FMO Ventures, Vertex Ventures Southeast Asia & India, Fullerton Financial Holdings, Global Founders Capital
- Series C (First Tranche)
- Amount Raised: USD 20,000,000
- Date: November 2018
- Lead Investors: MDI Ventures, Beacon Venture Capital
- Participants: GSR Ventures, Rocket Internet, SBI Ven Capital, Vertex Holdings
- Series C (Second Tranche)
- Amount Raised: USD 21,000,000
- Date: March 2019
- Lead Investors: Vertex Growth Fund
- Participants: Atinum Investment
- Series C (Third Tranche)
- Amount Raised: Undisclosed
- Date: May 2020
- Lead Investors: Visa, BRI Ventures
- Participants: Vertex Growth, Vertex Ventures, GSR Ventures
- Series D
- Amount Raised: USD 200,000,000
- Date: July 2021
- Lead Investors: Riverwood Capital
- Participants: Temasek, Visa, Vertex Ventures, Atinum Investment, Beacon Venture Capital, Rocket Capital Investment, GIC; Angels: Gokul Rajaram, Vicky Bindra, Arjun Sethi
- Post-Money Valuation: USD 1,000,000,000+
- Series E
- Amount Raised: USD 50,000,000
- Date: June 4, 2024
- Lead Investors: Brunei Investment Agency (sovereign wealth fund of Southeast Asia)
- Participants: BOND, NewView Capital, Tribe Capital
- Post-Money Valuation: USD 1,400,000,000
Total Amount Raised: At least $312M based on disclosed funding (some Series C tranches undisclosed).
Key Investors
- Brunei Investment Agency
- Details: The sovereign wealth fund of Brunei led Nium's Series E round in June 2024, which valued Nium at $1.4 billion.
- Riverwood Capital
- Details: Menlo Park-based private equity firm that led Nium's $200 million Series D round in July 2021, helping Nium achieve unicorn status.
- Visa
- Details: Global payments giant Visa has participated in multiple Nium funding rounds, joining as a new investor in the Series C (2020) and continuing through Series D.
- Temasek
- Details: Singapore's state investment company participated in Nium's Series D round in 2021.
- NewView Capital
- Details: Venture capital firm that participated in Nium's Series E round in 2024.
- Tribe Capital
- Details: San Francisco-based venture capital firm that participated in Nium's Series E round. Co-founder Arjun Sethi was also an angel investor in Nium's Series D.
- GSR Ventures
- Details: Early-stage investor that led Nium's Series B round in 2017 and participated in subsequent Series C rounds.
- Vertex Ventures
- Details: Singapore-based venture firm that led Nium's Series A in 2016 and continued as a participant through the Series D round.
What's Next for Nium?
Nium is focused on expanding its global payments infrastructure and achieving profitability. The company has pushed back its IPO timeline to 2026 as it refines its path to public markets. With a $1.4 billion valuation and a growing presence across 190+ countries, Nium continues to position itself as a leading B2B cross-border payments platform. Investors and industry observers will be watching closely as the company advances toward a potential public listing.
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