How Much Did Nium Raise? Funding & Key Investors

Nium has successfully raised significant funding through multiple rounds, including a Series E. The company specializes in providing payment infrastructure and card-issuing services to a diverse range of industries.

Keep reading to explore the intricacies of Nium's fundraising journey and the investors backing this innovative platform.

What Is Nium?

Nium, founded in 2015, is headquartered in Singapore. The company was established by Michael Bermingham, Prajit Nanu, and Pratik Gandhi.

Specializing in payment infrastructure and card-issuing services, Nium provides banks, payment vendors, and businesses with access to these services through its platform, network, and APIs.

With a workforce of 1001-5000 employees, Nium serves various industries including travel, marketplaces, financial institutions, and payroll.

How Much Funding Has Nium Raised?

1. Series B
   • Amount Raised: $13M
   • 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 card-issuing services.
2. Series C
   • Amount Raised: $20M
   • Date: November 2018
   • Lead Investors: Beacon Venture Capital, MDI Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product offerings.
3. Series C
   • Amount Raised: $21M
   • Date: March 2019
   • Lead Investors: Vertex Growth Fund
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support international expansion and regulatory compliance.
4. Series D
   • Amount Raised: $200M
   • Date: July 2021
   • Lead Investors: Riverwood Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand into new markets.
5. Series D
   • Amount Raised: $3M
   • Date: February 2022
   • Lead Investors: Arjun Sethi
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance technological capabilities and product development.
6. Series D
   • Amount Raised: $5M
   • Date: March 2022
   • Lead Investors: Moore Strategic Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand their global footprint and customer base.
7. Series E
   • Amount Raised: $50M
   • Date: June 2024
   • Lead Investors: Sovereign wealth fund in Southeast Asia
   • Valuation at Round: $1.4 billion
   • Motivation Behind the Round: To accelerate growth plans, including global expansion and product innovation.

Total Amount Raised: $312M. Current Valuation: $1.4 billion.

Key Investors

• GIC
  • Details: GIC is a sovereign wealth fund from Singapore, managing Singapore's foreign reserves. It is known for its long-term investment strategy.
  • Investment Focus Areas: Technology, real estate, infrastructure.
  • Notable Investments: Alibaba, Airbnb, Ant Financial.
• Temasek
  • Details: Temasek is another sovereign wealth fund from Singapore, focusing on sustainable and long-term investments. It has a diverse portfolio across various sectors.
  • Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate, life sciences & agribusiness.
  • Notable Investments: Alibaba, PayPal, Gojek.
• BOND
  • Details: BOND is a venture capital firm based in the United States, known for investing in high-growth technology companies.
  • Investment Focus Areas: Technology, consumer internet, enterprise software.
  • Notable Investments: Stripe, DoorDash, Canva.
• NewView Capital
  • Details: NewView Capital is a venture capital firm that focuses on growth-stage technology companies. It aims to provide flexible capital solutions.
  • Investment Focus Areas: Technology, software, financial services.
  • Notable Investments: Plaid, Duolingo, Segment.
• Tribe Capital
  • Details: Tribe Capital is a venture capital firm that invests in early to growth-stage technology companies. It leverages data science to identify promising investments.
  • Investment Focus Areas: Technology, software, financial services.
  • Notable Investments: Slack, Carta, Bolt.

What's Next for Nium?

Nium stands at the cusp of a massive opportunity in the B2B payments market, projected to reach $175 trillion by 2030. With recent funding, the company aims to expand its global network, innovate its product offerings, and hire top talent. This growth trajectory is bolstered by significant client wins and a robust regulatory portfolio, allowing operations in over 40 countries.

Future fundraising rounds seem likely as Nium continues to scale, potentially pursuing mergers and acquisitions to enhance its capabilities. However, navigating complex regulatory environments and staying ahead of competitors in the fintech space will be critical challenges. Maintaining rapid growth while ensuring compliance and innovation will be key to Nium's success.

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