OverviewSuggest Edit

Nium (also known as Instarem) provides cross-border payment and money transfer services for individuals and businesses. The Company is mainly focused on peer-to-peer consumers and freelancers. As a part of the transaction, Instarem charges users an amount that covers the intra-day Forex fluctuations, without applying any additional transaction fees like banks.

TypePrivate
Founded2014
HQSingapore, SG
Websitenium.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Sept 2021)449(+10%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Nium

Prajit Nanu

Prajit Nanu

Co-Founder and Chief Executive Officer
Michael Bermingham

Michael Bermingham

Co-Founder and Chief Operating Officer
Pratik Gandhi

Pratik Gandhi

Chief Operating Officer
Rajesh Venkatesh

Rajesh Venkatesh

Chief Product Officer
Nilesh Pathak

Nilesh Pathak

Chief Technology Officer
Frederick Crosby

Frederick Crosby

Chief Revenue Officer
Show more

Nium Office Locations

Nium has offices in Singapore, Bedminster, Bellevue, Melbourne and in 5 other locations
Singapore, SG (HQ)
#22-00, Hong Leong Building, 16 Raffles Quay
Melbourne, AU
Level 4/152 Elizabeth St
Mumbai, IN
Andheri - Kurla Rd, Chakala, Hanuman Nagar, Andheri East
Shibuya City, JP
Daiwa Shibuya Square, 16-28 Nanpeidaichō
Vilnius, LT
Mėsinių g. 5
Kuala Lumpur, MY
Menara Hap Seng, 10th Floor, No. 1&3, Jalan P. Ramlee, Wilayah Persekutuan
Show all (11)

Nium Financials and Metrics

Summary Metrics

Founding Date

2014

Nium total Funding

$258 m

Nium latest funding size

$200 m

Time since last funding

3 months ago

Nium investors

Nium's latest funding round in July 2021 was reported to be $200 m. In total, Nium has raised $258 m
Show all financial metrics

Nium Operating Metrics

May, 2020

Countries Covered

90

Currencies

63
Show all operating metrics

Nium Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Nium Online and Social Media Presence

Embed Graph

Nium News and Updates

GC Partners enters new territories with support from Nium

GC Partners, a leading payment and FX specialist announced today a partnership with global payments leader, Nium, for pay-out network capabilities to key Asian markets, such as India, Indonesia, the Philippines, South Korea, Sri Lanka, Thailand, Malaysia, Vietnam, and Nepal.

[Jobs Roundup] These openings may help you land a role at global B2B payments platform Nium

Nium claims it processes $8 billion in payments annually. It has issued more than 30 million virtual cards to date.

Nium closes $200m Series D

Cross-border B2B payments operator Nium has joined the unicorn club after raising $200 million in a Series D funding round led by Riverwood Capital

[Funding alert] Nium raises over $200M in Series D round

The company valuation soars above $1 billion with capital raised to accelerate its product roadmap and drive global expansion.

This Asian payments fintech is coming for the US. Check out the pitch deck Nium used to raise $200 million at a $1 billion valuation.

Summary List PlacementSingaporean payments startup Nium has become South East Asia's first business-to-business payments unicorn. The company has raised $200 million in fresh funding in a round led by Menlo Park's Redwood Capital.  Nium is a payments platform which enables cross border payments th…

Nium becomes first B2B payments unicorn in SEA after securing $200m in funding

The Singapore remittance major said it is currently processing US$8 billion in payments annually, with revenues growing by over 280% year over year.
Show more

Nium Blogs

Why Businesses Are Switching to Payment Automation (And How You Can Too)

Being able to timely raise invoices and receive payments are the cornerstone of any successful business. Digital transformation and rapidly growing e-commerce have ushered enterprises into a new era where cash flow stability for speedy products and services restocking, and revenue acceleration, are …

Nium Named to the 2021 CB Insights Fintech 250 List of Top Fintech Companies

Leading global payments and card issuance company honored second year in a row for achievements in Payments Processing and Networks at CB Insights Future of Fintech NEW YORK, October 5, 2021 — CB Insights today named Nium to the fourth annual Fintech 250, a prestigious list of emerging private compa…

Case Study: How Nium Doubled Transaction Volumes in 12 Months for TransferGo

Company:  TransferGo is a UK-based Fintech startup on a mission to shake-up the international money transfer sector. Frustrated by poor customer service, large fees and no online service options, its founders launched the firm in 2012 with the goal of making global money transfers as simple as sendi…

The International Cricket Council Announces Strategic Partnership With Fintech Infrastructure Leader: Nium

https://youtu.be/vyyiElMhbsA Dubai, 30 September 2021—The International Cricket Council (ICC) announced today that it has entered a multi-year strategic partnership with Nium, a leading global financial technology (FinTech) infrastructure company. Nium provides banks and businesses with access to a …

Nium wins “Best B2B Payment Platform” at 2021 Future Digital Awards

LONDON, 28 September 2021 Nium is proud to announce that it has been named “Best B2B Payment Platform” Platinum Winner at the 2021 Future Digital Awards, organised by Juniper Research. The Future Digital Awards acknowledge organisations that have made significant progress within their sector during …

Local Payments Infrastructures Are Going Global—Are You Keeping Up?

Payment networks are going through a transformation; the growth in cross-border sales is driving a surge in global payments to keep up with the demands of the modern economy. A global payment footprint not only helps businesses unlock new revenue opportunities but also delivers improved customer exp…
Show more

Nium Frequently Asked Questions

  • When was Nium founded?

    Nium was founded in 2014.

  • Who are Nium key executives?

    Nium's key executives are Prajit Nanu, Michael Bermingham and Pratik Gandhi.

  • How many employees does Nium have?

    Nium has 555 employees.

  • Who are Nium competitors?

    Competitors of Nium include Currencycloud, Global Payments and Monext.

  • Where is Nium headquarters?

    Nium headquarters is located at #22-00, Hong Leong Building, 16 Raffles Quay, Singapore.

  • Where are Nium offices?

    Nium has offices in Singapore, Bedminster, Bellevue, Melbourne and in 5 other locations.

  • How many offices does Nium have?

    Nium has 11 offices.