The company facilitates cross border payments through a single API, and raised $200 million.Singaporean payments startup Nium has become South East Asia's first business-to-business payments unicorn.
Nium is a payments platform which enables cross border payments through a single API . The startup has hundreds of enterprise clients across the world that can send funds to more than 100 countries in real-time in 60 different currencies. It offers card-issuing services in more than 40 countries, plus license services on the back of its e-money and banking licenses in 11 different jurisdictions.
Nanu said that Nium found fundraising easy as a result of its multi-product suite."We've spent 5 years in a very regulated space across 11 jurisdictions like Singapore, Canada, Europe, the UK, and are principal members of Visa and Mastercard," Nanu added."We set out to raise $150 million, but ended up with $200 million, we could have even gone to $300 million, the process was just one week from start to term sheet.
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