About NIUM
NIUM is a Financial Services company based in Singapore (Singapore) founded in 2014 by Pratik Gandhi, Michael Bermingham, and Prajit Nanu. Cross-border money transfer solutions are provided for businesses globally. NIUM has raised $312.46 million across 11 funding rounds from investors including Visa, Ripple and Tribe Capital. The company has 1,101 employees. NIUM has completed 4 acquisitions, including Cypher HQ, Ixaris and SOCASH. NIUM was last valued at $1.4 billion in June 2024. Its chief executive, as recorded, is Prajit Nanu. Its website nium.com draws about 106 thousand monthly visits. Its Indian entity Nium India Private Limited reported revenue of ₹186 Cr. Its focus areas include FinTech, Digital Remittance, Enablers and Software for Enterprises.
Company details
NIUM was founded in 2014 in Singapore as a provider of cross-border payment solutions. Operations focus on tools for sending, receiving, and processing payments across borders. Remittance-as-a-service technology is delivered to sectors including fintech, travel, e-commerce, and banking. APIs are offered to enable reporting, transaction tracking, bookkeeping, reconciliation, invoicing, and compliance management. Services support international financial transactions for business clients.
- Headquarters Singapore, Singapore
- Employees 1,101
- Founders Pratik Gandhi, Michael Bermingham, Prajit Nanu
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website nium.com
- Social LinkedIn X Facebook YouTube
- Legal Name Nium India Private Limited
- Date of Incorporation 05 Mar, 2015
- Jurisdiction Goregaon East Mumbai, Maharashtra, India
- Indian entity revenue₹186 Cr
FY 2025 · -11% YoY
- Indian entity net profit₹14.73 Cr
FY 2025 · 8% margin
- Indian entity EBITDA₹29.07 Cr
FY 2025 · 16% margin
- Total Equity Funding$312.46M (USD)
in 11 rounds
- Latest Funding Round$50M (USD), Series E
Jun 2024
- InvestorsVisa
& 33 more
- Employee Count1,101
- Investments & AcquisitionsCypher HQ
& 3 more
Associated legal entities of NIUM
NIUM operates through Nium India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nium India Private Limited CIN U74999MH2015FTC262511 | Active | 05 Mar 2015 | Mumbai, Maharashtra | ₹186 Cr | 505 | 2 | View details |
Apps and channels of NIUM
its YouTube channel Nium has 530 subscribers and 30 videos.
Videos from NIUM
The most watched videos on NIUM's YouTube channel, Nium (530 subscribers). Click a video to play it here.
More on Nium.
Funding Insights of NIUM
NIUM has successfully raised a total of $312.46M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $312.46M
- Total Rounds 11
- Last Round Series E — $50M
- First Round $2.8M
(May 2015)
- Investors Count 34
Latest 10 of 11 funding rounds of NIUM with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $50M | Series E | – | NewView Capital, Tribe Capital | |
| Feb 2022 | $2.96M | Series D | – | Operator Stack | |
| Jul 2021 | $200M | Series D | $1B | Riverwood Capital | |
| May 2020 | Series C | – | Visa | ||
| Mar 2019 | $20M | Series C | – | – | |
| Nov 2018 | $21M | Series C | – | MDI Ventures, Beacon VC | |
| Mar 2018 | Grant | – | – | ||
| Jul 2017 | $13M | Series B | – | GSR Ventures | |
| Mar 2016 | $5M | Series A | – | Vertex Ventures | |
| Jun 2015 | $500,000 | Seed | – | Rocket Internet | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $1B | •••••••• |
Last known valuation $1.4B (Jun 2024). 34 investors in total: 28 institutional and 6 angel.
Investors in NIUM
NIUM has secured backing from 34 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Visa, Ripple and Tribe Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | operator-stack.com | San Francisco, United States | ||
Early & late stage investments focused PE & VC firm | vertexgrowth.com | |||
Carveout investments are managed by Riverwood Capital in private equity. | riverwoodcapital.com | Menlo Park, United States | ||
Early-growth stage tech and offline focused VC investing in geographies such as Asia | beaconvc.fund | Bangkok, Thailand | ||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
VC firm investing in geographies such as South Korea | 1988 | atinuminvest.co.kr | Seoul, South Korea | |
Corporate-backed venture capital fund focused on multiple sectors | briventures.id | Jakarta, Indonesia | ||
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
Early-stage tech startups are invested in by GSR Ventures. | gsrventuresglobal.com | Beijing, China |
Investor details for NIUM
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Nium India Private Limited (NIUM)
Nium India Private Limited is the primary company behind NIUM. The board of Nium India Private Limited currently have 2 directors; the longest-serving is Prajit Punathil Nanu, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prajit Punathil Nanu DIN 07035356 | Director | 05 Mar 2015 | 11 yrs 8 mo | Nium India Private Limited |
| Jilas Kannappan Kakkatthotungal DIN 10761626 | Director | 31 Aug 2024 | 2 yrs 2 mo | Nium India Private Limited |
People of NIUM
108 people are tracked at NIUM (64 in leadership, 44 in team); the tracked headcount is 1,101.
| Name | Role | Group |
|---|---|---|
Pratik Gandhi | Co-Founder & COO | Leadership |
Michael Bermingham | Co-Founder & CBO | Leadership |
| Co-Founder & CEO | Leadership | |
Vinoth Manoharan | Vice President - APAC Business Development | Leadership |
Dash Victor | VP Of Finance | Leadership |
Xiaoxiao Tang | Director, Enterprise Account Management | Leadership |
Mamta Dhumale | Senior Manager - HR Business Partner | Leadership |
Spencer Hanlon | Chief Operations Officer | Leadership |
Ankit Abhishek | Director Of Product Management | Leadership |
Marek Pasik | BD Director | Leadership |
Alex Johnson | Chief Payments Officer | Leadership |
Andre Mancl | Chief Financial Officer | Leadership |
Abhay Salitri | VP - Global Partner Relations | Leadership |
Rohit Bammi | Global Head Of Institutional Business | Leadership |
Mark Anthony Spiteri | Svp, Global Head Of Card Business | Leadership |
Yogesh Sangle | Global Head Of Consumer Business At NIUM | Leadership |
Helena Staelens | Senior Talent Acquisition Partner | EMEA | Operations & Tech | Leadership |
Jaya Kapur | Vp, Head Of Product - Instarem | Leadership |
Rajendra Prasad | Global Head Of Talent Acquisition | Leadership |
John Taylor | Head Of Airlines | Leadership |
88 more people are available in the full profile.
Complete people profiles for NIUM
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of NIUM
Figures of Nium India Private Limited, the primary company behind NIUM, for FY 2025. Revenue was ₹186 Cr (-11% year on year). Net profit was ₹14.73 Cr (8% margin). EBITDA was ₹29.07 Cr (16% margin). Revenue has grown at a compounded annual rate of +16% over three years and +28% over five years.
- ₹186 CrRevenue · FY 2025 · -11% YoY
- ₹14.73 CrNet profit · 8% margin
- ₹29.07 CrEBITDA · 16% margin
- ₹1.00 CrPaid-up capital
- 505Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nium India Private Limited are on its company page.
Detailed financial statements for NIUM
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by NIUM
NIUM has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cypher HQ, Ixaris and SOCASH.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
On-chain banking is facilitated via a Web3 gateway platform. | cypherhq.io | Palo Alto, United States | 2021 | Jul 2026 | •••• | |
Cash withdrawals are enabled through a mobile app platform. | socash.io | Singapore | 2016 | Apr 2022 | •••• | |
Provider of foreign exchange services | wirecardforex.com | Bengaluru, India | 2011 | Jul 2021 | •••• | |
B2B payment platforms are provided to banks and financial institutions. | ixaris.com | London, United Kingdom | 2002 | Jun 2021 | •••• |
Complete acquisition details for NIUM
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- Acquired stakes
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Verified entity values are shown only after access is granted.
Timeline of NIUM
8 dated milestones of NIUM across 12 years, from founding to its latest funding, stage changes and deals.
- Founded NIUM is founded.
- Funding First funding round of $2.8M.
- Acquisition Acquires Ixaris.
- Acquisition Acquires Wirecard Forex.
- Milestone Reaches Unicorn status.
- Acquisition Acquires SOCASH.
- Funding Latest funding round, Series E, of $50.0M.
- Acquisition Acquires Cypher HQ.
Web traffic of NIUM
The website of NIUM (nium.com) receives about 106.5K visits a month and ranks #413,802 among all websites worldwide, #4,239 in Investing.
- Monthly visits106.5K
▲ 24.7% vs previous month
- Unique visitors35.6K
per month
- Global rank#413,802
among all websites
- Category rank#4,239
Finance · Investing
- Bounce rate38%
- Pages per visit2.3
- Average visit50 sec
- DevicesDesktop 37% · Mobile 63%
Websites whose visitors overlap most with NIUM. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| swift.com | 100% | 552K | #76,599 | View details | |
| fuze.finance | 100% | 15.8K | #1,616,393 | View details | |
help.saxo | help.saxo | 100% | #236,560 | – | |
| financialit.net | 100% | #357,178 | View details | ||
faisalkhan.com | faisalkhan.com | 60% | #1,373,800 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 37 similar websites and full traffic analytics for NIUM
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Related news about Nium
Complete news archive for NIUM
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Frequently Asked Questions about NIUM
NIUM was founded in 2014 and raised its 1st funding round 1 year after it was founded.
NIUM is headquartered in Singapore, Singapore. It is registered at Singapore, Singapore, Singapore.
Prajit Nanu is the CEO of NIUM, as recorded in our data. They have also founded this company.
NIUM is a funded company, having raised a total of $312.46M across 11 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on May 2015.
NIUM has 1,101 employees.
The primary company behind NIUM, Nium India Private Limited, reported revenue of ₹186 Cr for FY 2025, down 11% year on year.
NIUM was founded in 2014 in Singapore as a provider of cross-border payment solutions. Operations focus on tools for sending, receiving, and processing payments across borders. Remittance-as-a-service technology is delivered to sectors including fintech, travel, e-commerce, and banking. APIs are offered to enable reporting, transaction tracking, bookkeeping, reconciliation, invoicing, and compliance management. Services support international financial transactions for business clients.
NIUM has 34 investors. Key investors include Visa, Ripple, Tribe Capital, Rocket Internet, and Temasek.
The valuation of NIUM is $1.4B as of Jun 2024.
NIUM operates through Nium India Private Limited.
The legal entities of NIUM currently have 2 directors, including Prajit Punathil Nanu, Jilas Kannappan Kakkatthotungal.