In a remarkable feat defying the current fintech funding climate, cross-border B2B payments operator Nium has successfully raised $50 million in a Series E funding round. This latest investment elevates Nium’s valuation to a robust $1.4 billion post-money, ensuring it retains its coveted unicorn status.
The funding round was spearheaded by a sovereign wealth fund from Southeast Asia, marking its debut investment in Nium. This new investor joins the likes of BOND, NewView Capital, and Tribe Capital, who participated in Nium’s previous funding round.
“This investment defies current funding sentiment in fintech and is a vote of confidence in Nium’s growth ambitions, particularly as we focus on serving the needs of marketplaces, SaaS platforms, travel, and financial institutions, for whom payments are mission-critical,” said Prajit Nanu, founder and CEO at Nium.
With regulatory licenses and authorizations in over 40 countries, Nium’s extensive payout network supports 100 currencies and spans more than 220 countries, 100 of which operate in real-time. This robust network enables funds to be disbursed to accounts, wallets, and cards, and facilitates local collections in 35 markets.
Nium has reported a strong revenue growth of over 50% in 2023 compared to 2022, bolstered by significant client acquisitions such as Australian expense management leader Weel and one of UAE’s premier banks, Emirates NBD.
“Our recent enterprise wins with globally recognized brands show that there is strong demand for our customer-centric B2B payment solutions as global businesses overhaul systems for the real-time era,” added Nanu.
