Nium Revenue, Valuation, Funding & Investors

Nium is valued at $1.4B as of June 2024, a 11.7x multiple on its last reported $120M revenue.

See full Nium profile

Last Nium valuation

$1.4B

Series E · Jun 2024

Last Nium funding round

$50M

Series E · Jun 2024

Nium revenue

$120M

Series E · Jun 2024

Key investors in Nium

  • Vertex Ventures
  • Global Founders Capital
  • Atinum Investment
  • Temasek
  • GSR Ventures
  • Tribe Capital

Nium Overview

About Nium

Nium is a Singapore-headquartered global payments platform enabling cross-border transactions for banks, fintechs, and enterprises. Launched in 2014, it offers card issuance, payout services, and APIs integrated across 190 countries, serving sectors like travel, e-commerce marketplaces, and payroll providers. The company processes billions in annual volume through its direct-to-local payment rails in Asia, Europe, and the Americas.


Founded

2014

HQ

SingaporeSingapore

Website

nium.com

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Revenue

$120M (Jun 2024)

Valuation

$1.4B (Jun 2024)

Nium Valuation

Nium is currently valued at $1.4B, based on its Series E in June 2024.

The $50M round included NewView Capital and Tribe Capital.

Nium's valuation has grown 1.4x from $1B at its Series D in July 2021 to $1.4B in June 2024, across 3 priced rounds.

Nium valuation by funding round

Revenue multiple
Nium valuation by funding round
DateStageValuationRevenue Multiple
Jun 2024Series E$1.4B11.7x
Mar 2022Series D$2B-
Jul 2021Series D$1B12.2x

Nium Revenue

Nium's latest recorded revenue is $120M, as of its Series E in June 2024. At a $1.4B valuation, that implies a 11.7x revenue multiple.

Revenue grew from $82M in July 2021 to $120M in June 2024, while the revenue multiple moved from 12.2x to 11.7x.

Nium revenue by funding round

Nium revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2024$120M$1.4B11.7xSeries E
Jul 2021$82M$1B12.2xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Nium Funding History

Nium has raised a total of $338M across 9 funding rounds.

Nium's first fundraising round was a $5M Series A in March 2016. The most recent completed round was a $50M Series E in June 2024.

Nium funding rounds

Nium funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024Series ENewView Capital; Tribe Capital$50M$1.4BNium is a Singapore- and San Francisco-based global leader in real-time cross-border B2B payments, serving industries like travel, payroll, spend management, and financial services with features for marketplaces, SaaS platforms, and institutions. The company holds regulatory licenses in over 40 countries, including recent approvals in Japan and New Zealand, and counts clients such as Australian expense management firm Weel and UAE's Emirates NBD. In June 2024, Nium raised $50 million in a Series E funding round led by an unnamed Southeast Asian sovereign wealth fund, with participation from prior investors BOND, NewView Capital, and Tribe Capital, at a post-money valuation of $1.4 billion—down 30% from its $2 billion valuation in 2022. This marks the company's latest financing amid challenging market conditions for late-stage fintechs, defying trends and signaling confidence in its growth trajectory. The funds are earmarked for accelerating expansion in the B2B payments market, projected to reach $175 trillion by 2030, through global network growth, product innovation, hiring top talent, and mergers & acquisitions. Nium reported strong revenue growth of over 50% in 2023 compared to 2022, driven by its product development roadmap and enterprise wins. The company has strengthened its leadership with hires like Alexandra Johnson as Chief Payments Officer, Rissy Ruddy as Chief Human Resources Officer, and Anton Pasiechnikov as VP of Finance. Despite the lower valuation, Nium's CEO Prajit Nanu remains optimistic about future prospects, including potential IPO plans in Q3 or Q4 of 2025. This Series E follows multiple prior rounds, bringing total funding raised to approximately $334 million across 11 rounds from 26 investors. Nium positions itself as infrastructure for on-demand money movement, capitalizing on real-time payment demands as businesses modernize systems.
Mar 2022Series DMoore Strategic Ventures (lead)$5M$2BNium raised $5 million in a Series D extension round in March 2022 led by Moore Strategic Ventures to enhance technological capabilities and expand service offerings. This followed a $2.96 million Series D tranche in February 2022 led by Arjun Sethi. Nium, a Singapore-headquartered B2B payments platform, focuses on real-time cross-border payments. The company achieved $82 million in net revenue for full-year 2022, representing 2.7x year-over-year growth and ending the year at a net revenue run rate exceeding $100 million. Later in 2022, Nium raised additional capital at a $2 billion valuation from investors including BOND, NewView Capital, Moore Capital, and Tribe Capital. In June 2024, Nium secured a $50 million Series E round at a $1.4 billion post-money valuation, led by a Southeast Asian sovereign wealth fund.
Feb 2022Series DArjun Sethi (lead); Tribe Capital; Atinum Investment$3M-Nium operates as a global B2B payments platform focused on cross-border payments, embedded financial services, and card issuing, with licensed infrastructure across multiple regions including Asia, Europe, and plans for U.S. expansion. The company serves segments such as banking, fintech, gig economy workforces, travel, and corporates, processing $8 billion in payments annually as of mid-2021. In February 2022, Nium raised USD 2.96 million in a Series D round led by Arjun Sethi, with participation from investors including Atinum Partners and Tribe Capital, aimed at supporting product innovation and market expansion. This followed a larger July 2021 Series D of over $200 million led by Riverwood Capital, which elevated Nium's valuation above $1 billion, marking it as the first B2B payments unicorn from Southeast Asia, with total funding reaching nearly $300 million at that time. Subsequent developments included a June 2024 Series E round of USD 50 million at a USD 1.4 billion valuation.
Jul 2021Series DRiverwood Capital (lead); Temasek; Vertex Ventures; Visa; Arjun Sethi; Andrew Vigneault; Beacon Venture Capital; Vertex Growth Fund; Rocket Internet; Rajaram Family Trust; Vicky Bindra; Atinum Investment$200M$1BNium, a Singapore-headquartered global B2B payments platform, raised over $200 million in a Series D funding round on July 26-27, 2021, led by Riverwood Capital, achieving unicorn status with a valuation above $1 billion, marking it as Southeast Asia's first B2B payments unicorn. Participants included Temasek Holdings, Visa, Vertex Ventures, Vertex Growth Fund, Atinum Partners (Atinum Group of Funds), Beacon Venture Capital, Rocket Internet (Rocket Capital Investment), and angels such as Gokul Rajaram (DoorDash executive and Rajaram Family Trust), Vicky Bindra (FIS CPO), and Arjun Sethi (Tribe Capital). This brought Nium's total funding to nearly $300 million. The platform enables cross-border payments via a single API, supporting real-time transfers to over 100 countries in 60 currencies, card issuing in 40+ countries, and holds e-money and banking licenses in 11 jurisdictions including Singapore, Canada, Europe, and the UK. Nium serves banking, fintech, gig economy/distributed workforces, travel, and corporate customers, processing $8 billion in payments annually with 280% year-over-year growth at the time. It is a principal member of Visa and Mastercard. Proceeds fund expansion of its payments infrastructure, new embedded fintech services, product development, talent acquisition, strategic acquisitions, and growth in the US and Latin America. Nium had previously acquired Wirecard's Indian assets and Ixaris (travel payments), with further US acquisitions under consideration. CEO Prajit Nanu noted strong investor demand, oversubscribing the initially targeted $150 million raise in one week.
Apr 2021Undisclosed stageTemasek (lead)$21M-Nium is a Singapore-based business-to-business payments platform that enables cross-border payments through a single API, allowing enterprise clients to send funds to more than 100 countries in real time across 60 currencies. The company offers card-issuing services in more than 40 countries and holds e-money and banking licenses in 11 jurisdictions including Singapore, Canada, Europe, and the UK. Temasek Holdings, Singapore's state investment firm, made an investment of S$21 million (US$15.83 million) into Nium in April 2020 through its subsidiary Ossa Investments, which acquired the stakes from fellow Temasek unit Fullerton Financial, resulting in Ossa holding a 27% stake. The company subsequently raised $200 million in Series D funding in July 2021 led by Riverwood Capital at a valuation exceeding $1 billion, becoming the first B2B payments unicorn from Southeast Asia. This July 2021 round included participation from existing investors Temasek, Visa, Vertex Ventures, Atinum Capital, Beacon Venture Capital, and Rocket Capital Investment, alongside angel investors including DoorDash's Gokul Rajaram. By 2024, Nium had narrowed its net loss to S$88.1 million while generating S$167.2 million in revenue, though the company remained unprofitable despite 13.3% year-over-year revenue growth.
Mar 2019Series CVertex Growth Fund (lead); Ripple; Atinum Investment$21M-Nium, founded in 2015 as Instarem in Singapore, is a cross-border payments platform offering a modular solution for banks, payment providers, e-commerce, and travel agencies to handle collections, disbursements in local currencies across over 100 countries, and global physical/virtual card issuance. The company secured a $21 million Series C extension round on March 18, 2019, led by Vertex Growth Fund, with investors including Atinum Investment, Ripple, and others, aimed at expanding its global footprint and enhancing technological capabilities. This followed a $20 million Series C in November 2018 led by MDI Ventures and Beacon Venture Capital, and earlier rounds like $13 million Series B in 2017. The 2019 funding built on prior investments from Vertex Ventures, GSR Ventures, SBI, and Global Founders Capital, positioning Nium for growth in real-time payments and API-based services licensed in multiple jurisdictions including EU, Australia, Canada, Hong Kong, Malaysia, India, and Singapore. Nium's traction included enterprise clients sending funds to over 100 countries in 60 currencies by later stages, with recognition at events like Singapore Fintech Festival. Subsequent developments included Visa and Bank BRI investments in 2020, Temasek in 2021, and acquisitions like Ixaris for virtual cards and Wirecard Forex India.
Nov 2018Series CBeacon Venture Capital (lead); MDI Ventures (lead); Vertex Ventures; Global Founders Capital; GSR Ventures; SBI Ven Capital; Rocket Internet$20M--
Jul 2017Series BGSR Ventures (lead); Silicon Valley Bank (lead); Vertex Ventures; Vertex Ventures Southeast Asia & India; Global Founders Capital; Fullerton Financial Holdings; SBI Ven Capital$13M--
Mar 2016Series AVertex Ventures (lead); Vertex Ventures Southeast Asia & India; Global Founders Capital; Fullerton Financial Holdings; CreedCap Asia Advisors$5M-Nium raised $5 million in its Series A funding round in 2016 from Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital. Vertex Ventures led the round for the Singapore-based cross-border payments platform, founded in 2015 as Instarem. The company provides a modular platform for payments and card issuance, enabling banks, payment providers, e-commerce businesses, and travel agencies to handle funds in local currencies across over 100 countries.

Who has invested in Nium?

24 investors have backed Nium across its funding rounds, including Vertex Ventures, Global Founders Capital, Atinum Investment, Temasek, GSR Ventures and Tribe Capital.

Lead investors include Moore Strategic Ventures, Arjun Sethi, Riverwood Capital, Temasek, Vertex Growth Fund and 5 other investors.


Nium Investors

Investors in Nium by funding rounds participated
InvestorHQRoundsRoleFirst check
Vertex VenturesSingaporeSingapore4LeadMar 2016
Global Founders CapitalGermanyBerlin3ParticipantMar 2016
Atinum InvestmentSouth KoreaSeoul3ParticipantMar 2019
TemasekSingaporeSingapore2LeadApr 2021
Vertex Ventures Southeast Asia & IndiaSingaporeSingapore2ParticipantMar 2016
Arjun SethiUnited StatesSan Francisco, CA2LeadJul 2021
Tribe CapitalUnited StatesSan Francisco, CA2ParticipantFeb 2022
Fullerton Financial HoldingsSingaporeSingapore2ParticipantMar 2016
GSR VenturesUnited StatesSan Francisco, CA2LeadJul 2017
Beacon Venture CapitalThailandBangkok2LeadNov 2018
Vertex Growth FundSingaporeSingapore2LeadMar 2019
SBI Ven CapitalSingaporeSingapore2ParticipantJul 2017
Rocket InternetGermanyGermany2ParticipantNov 2018

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Acquisitions by Nium

Nium has acquired 3 companies to date.

Last acquisition by Nium was on April 26th 2022. Nium acquired SOCASH for undisclosed valuation.


Latest Acquisitions by Nium

SOCASH
Wirecard Forex India
Ixaris
Description
SOCASH is a Singapore-headquartered fintech platform facilitating cash handling through digital means in Southeast Asia. Operational in Singapore, Indonesia, and Malaysia since 2016, it enables cash withdrawals, deposits, and conversions via retail agents without ATMs or branches. The system connects merchants and users through a mobile app for peer-to-peer transactions and bill payments. SOCASH partners with banks and e-wallets to bridge cash and digital economies in underserved areas.
Wirecard Forex India Pte Ltd is a licensed provider of foreign exchange, prepaid cards, and remittance services across India. Mumbai-headquartered, it issues multi-currency forex cards and facilitates outbound money transfers to over 100 countries via RBI-authorized channels. The company operates branches in Delhi, Bangalore, Chennai, and other cities, serving travelers, NRIs, and businesses despite challenges from its former parent Wirecard AG's 2020 collapse.
Ixaris is a payment optimization firm issuing Mastercard and Visa virtual cards for travel, media, and insurance sectors from offices in London, Brussels, and Malta. It processes billions in outbound payments with tools for expense management and fraud prevention.
HQ CountrySingaporeIndiaUnited Kingdom
HQ City
Singapore
Bangalore
London
Deal Date26 Apr 20227 Jul 20217 Jun 2021
Valuationundisclosedundisclosed$19M
EV/Revenue
EV/EBITDA

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Nium Competitors

Nium competitors include listed companies like Fawry and PicPay, and private ones like Paddle, stc pay, Kushki and Tide.

Public and private companies comparable to Nium
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PaddleUnited KingdomLondonPrivate$75M-$1.4B18.7x
stc paySaudi ArabiaRiyadhPrivate$278M-$1.3B4.8x
KushkiEcuadorQuitoPrivate--$1.5B-
TideUnited KingdomLondonPrivate$225M-$1.5B6.7x
FawryEgyptEgyptPublicly listed$166M$73M$1.2B5.2x
PicPayBrazilBrazilPublicly listed$1.2B$205M$1.2B0.5x

Nium Public Comps

Nium is still privately-owned, but its public comps include Fawry, PicPay, Evertec, Deluxe, Worldline, Digital Garage, PaySign, SLR Digital Finance, Seshaasai and Flywire.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fawry$166M$73M6.8x5.2x15.4x9.6x
PicPay$1.2B$205M1.0x0.5x6.0x3.8x
Evertec$932M$330M3.0x2.7x8.6x6.8x
Deluxe$2.1B$379M1.2x1.2x6.7x5.6x
Worldline$4.6B($5.2B)0.6x0.7x(0.6x)3.8x
Digital Garage$263M$51M1.9x1.9x10.0x10.3x
PaySign$82M$16M8.3x6.4x43.3x20.7x
SLR Digital Finance$224M$219M6.2x6.9x6.4x-

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Common questions about Nium

When was Nium founded?Nium was founded in 2014.
Where is Nium headquartered?Nium is headquartered in Singapore, Singapore.
Is Nium publicly listed?No, Nium is a private, VC-backed company.
What is Nium's valuation?Nium was last valued at $1.4B in its Series E in June 2024.
How much funding has Nium raised?Nium has raised $338M across 9 funding rounds.
What was Nium's last funding round?Nium's last funding round was a $50M Series E in June 2024.
Who are Nium's investors?Nium's investors include Vertex Ventures, Global Founders Capital, Atinum Investment, Temasek, Vertex Ventures Southeast Asia & India, Arjun Sethi, Tribe Capital, Fullerton Financial Holdings, GSR Ventures, Beacon Venture Capital and 14 others.
What is Nium's revenue?Nium's latest recorded revenue is $120M (June 2024).
What is Nium's revenue multiple?Nium's latest valuation implies a 11.7x revenue multiple ($1.4B valuation on $120M of revenue).
Which companies are comparable to Nium?Companies comparable to Nium include Paddle, stc pay, Kushki, Tide, Fawry and PicPay.
How many companies has Nium acquired?Nium has acquired 3 companies, including SOCASH, Wirecard Forex India and Ixaris.
What was the largest acquisition by Nium?The $19M acquisition of Ixaris in June 2021 is the largest acquisition Nium has made to date.

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