Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.
Financial technology startup Nium told CNBC Wednesday it raised $50 million in a fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund.
The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital firms BOND, NewView Capital, and Tribe Capital. Nanu said his company's down round was the result of a broader depression in public market valuations of fintech companies. He added that valuation isn't a concern for him and that it won't matter what value the company prices its shares as markets are volatile by nature.
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