Nium
Founded Year
2014Stage
Series E | AliveTotal Raised
$314.1MValuation
$0000Last Raised
$50M | 5 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+15 points in the past 30 days
About Nium
Nium specializes in modern money movement within the financial technology sector. Its main offerings include a platform for cross-border payments, card issuance services, and banking-as-a-service solutions, designed to facilitate global financial transactions for businesses. Nium primarily serves financial institutions, travel companies, payroll providers, spend management platforms, and global marketplaces. Nium was formerly known as InstaReM. It was founded in 2014 and is based in Singapore.
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Nium's Product Videos
ESPs containing Nium
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The cross-border payments infrastructure & enablement market allows businesses to send and accept global payments on their own websites and payment platforms. The companies in this market offer APIs that allow businesses to process payments across currencies and platforms (such as mobile), make payouts, verify user identities, issue credit cards, and more. Some companies also enable businesses to …
Nium named as Leader among 15 other companies, including FIS, Checkout.com, and Thunes.
Nium's Products & Differentiators
Payout
The most advanced means to send money around the world and deliver to bank accounts/proxy methods, cards, e-wallets. Pay employees or build functionality that delights customers from anywhere in the world – all with a single API based solution. With access to 190+ countries, and over 100 currencies Nium’s scale allows limitless growth.
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Research containing Nium
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Nium in 12 CB Insights research briefs, most recently on Aug 23, 2024.
Aug 23, 2024
The B2B payments tech market map
May 8, 2024
The embedded banking & payments market map
Dec 14, 2023
Cross-border payments market map
Expert Collections containing Nium
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Nium is included in 10 Expert Collections, including HR Tech.
HR Tech
5,756 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,249 items
SMB Fintech
1,648 items
Payments
3,034 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,413 items
Excludes US-based companies
Fintech 100
849 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Nium News
Oct 29, 2024
Nium Verify Launched to Combat US$118.5 Billion Payment Failure Problem Get the hottest Fintech Singapore News once a month in your Inbox Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments. With payment failures costing the global economy an estimated US$118.5 billion in 2020—often due to outdated, error-prone verification methods—Nium Verify offers a solution through direct integration with clearing systems and major banks within each country. This real-time verification process helps prevent errors and strengthens regulatory compliance, particularly in regions like the UK and EU. The service also streamlines onboarding for marketplaces by confirming account details even if no payment is processed immediately. By automating verification through a single API, Nium Verify reduces the need for manual intervention, lowering operational costs and simplifying payment workflows. Adding to Nium’s global payments network, the launch complements recent developments that enable financial institutions to connect using existing Swift capabilities and infrastructure . Alexandra Johnson “Nium Verify comes at a critical time as businesses expand internationally and need to pay multiple beneficiaries across the globe. With Nium Verify, we’re providing a solution that not only enhances operational efficiency, but also strengthens security and compliance for cross-border transactions. This helps businesses verify account details with confidence, eliminating costly misdirected payment, preventing fraud and improving customer experience.” said Alex Johnson, Chief Payments Officer at Nium.
Nium Frequently Asked Questions (FAQ)
When was Nium founded?
Nium was founded in 2014.
What is Nium's latest funding round?
Nium's latest funding round is Series E.
How much did Nium raise?
Nium raised a total of $314.1M.
Who are the investors of Nium?
Investors of Nium include Bond, Tribe Capital, NewView Capital, Moore Capital Management, Global Founders Capital and 23 more.
Who are Nium's competitors?
Competitors of Nium include Klasha, TerraPay, Tranglo, Merchantrade, TransferGo and 7 more.
What products does Nium offer?
Nium's products include Payout and 2 more.
Who are Nium's customers?
Customers of Nium include Kasikorn Bank, Deel and eTraveli Group.
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Compare Nium to Competitors
ZEPZ focuses on providing digital payment solutions. The company offers services enabling users to send money securely with options for bank deposit, cash collection, mobile airtime top-up, and mobile money. ZEPZ primarily serves the global payments industry. Zepz was formerly known as WorldRemit. It was founded in 2010 and is based in London, United Kingdom.
Airwallex develops a global financial platform that focuses on providing business payment solutions within the financial technology domain. The company offers an array of services including global business accounts for managing finances, international transfers, multi-currency corporate cards, and online payment processing capabilities. It primarily serves the payment industry. The company was founded in 2015 and is based in Melbourne, Australia.
Rapyd is a fintech company specializing in global payment processing and financial technology solutions. The company offers a platform for businesses to accept payments online, send payouts, and manage multi-currency accounts, with a focus on simplifying financial transactions across borders. Rapyd's services cater to various sectors including eCommerce, marketplaces, and the gig economy. Rapyd was formerly known as CashDash. It was founded in 2016 and is based in London, England.
Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
MoneyGram operates as a financial services company. The company offers services such as sending money to various locations worldwide, depositing money into bank accounts, and transferring funds to mobile wallets. It primarily serves individuals who need to send or receive money internationally. MoneyGram was formerly known as Integrated Payment Systems, It was founded in 2003 and is based in Minneapolis, Minnesota.
Knabu operates as a company focused on the development of new clearing infrastructure in the financial technology sector. The company's main services include designing software systems to support fintechs and banks in enabling digital payments with built-in security layers and leveraging distributed ledger technology (DLT) to facilitate more efficient trade and transactions. Knabu primarily serves the financial services sector. It is based in London, United Kingdom.
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