Other Deals
S'pore-based Nium enters unicorn club with $200-M Series D
Nium, a business payments company based in Singapore, has become a Unicorn after raising more than USD 200 million in a funding round led by Riverwood Capital. Including the latest round, which also saw participation from Singapore's state investor Temasek Holdings, payments processor Visa and Temasek promoted venture capital firm Vertex Ventures, Nium has raised nearly USD 300 million in capital. The fresh funding will be used by Nium - which was founded by Prajit Nanu as Instarem in 2014 - to expand its network infrastructure, drive product development and purchase new technologies and companies. The capital will also be used for speeding up Nium's growth in the United States and Latin America. Nium gives businesses access to technologies for issuing cards and allowing banking transactions besides making and receiving cross-border payments.
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