About NIUM
NIUM is a company based in Singapore (Singapore) founded in 2014 by Pratik Gandhi, Michael Bermingham, and Prajit Nanu.. NIUM has raised $312.46 million across 11 funding rounds from investors including Visa, Tribe Capital and Rocket Internet. The company has 505 employees as of April 05, 2024. NIUM has completed 3 acquisitions, including Ixaris, SOCASH and Wirecard Forex. NIUM operates in a competitive market with competitors including Currencycloud, Paystack, nanoPay, Ingenico and Bankable, among others.
- Headquarter Singapore, Singapore
- Employees 505 as on 05 Apr, 2024
- Founders Pratik Gandhi, Michael Bermingham, Prajit Nanu
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Nium India Private Limited
- Date of Incorporation 05 Mar, 2015
- Jurisdiction Goregaon East Mumbai, Maharashtra, India
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Annual Revenue
$21.77 M (USD)50.61as on Mar 31, 2023
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Net Profit
$2.35 M (USD)169.36as on Mar 31, 2023
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EBITDA
$3.63 M (USD)152.81as on Mar 31, 2023
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Total Equity Funding
$312.46 M (USD)
in 11 rounds
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Latest Funding Round
$50 M (USD), Series E
Jun 05, 2024
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Investors
Visa
& 26 more
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Employee Count
505
as on Apr 05, 2024
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Investments & Acquisitions
Ixaris
& 2 more
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Leadership Team
22 people
Finance and Accounting
14 people
Sales and Marketing
13 people
Software Development Team
12 people
Operations Team
11 people
Human Resources and Administration
7 people
Product Management Team
7 people
Head Team
4 people
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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 Total Funding
- Total Rounds 11
- Last Round Series E — $50.0M
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First Round
First Round
(01 May 2015)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series E - NIUM | Valuation | NewView Capital , Tribe Capital | |
| Feb, 2022 | Amount | Series D - NIUM | Valuation | Operator Stack | |
| Jul, 2021 | Amount | Series D - NIUM | Valuation | Riverwood Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NIUM
NIUM has secured backing from 27 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Visa, Tribe Capital and Rocket Internet. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early & late stage investments focused PE & VC firm
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Founded Year | Domain | Location | |
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Carveout investments are managed by Riverwood Capital in private equity.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NIUM
NIUM has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ixaris, SOCASH and Wirecard Forex. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cash withdrawals are enabled through a mobile app platform.
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2016 | ||||
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Provider of foreign exchange services
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2011 | ||||
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B2B payment platforms are provided to banks and financial institutions.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NIUM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nium Comparisons
Competitors of NIUM
NIUM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Currencycloud, Paystack, nanoPay, Ingenico and Bankable, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses in Africa.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled for businesses through APIs.
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| domain | founded_year | HQ Location |
POS hardware and software solutions are provided to businesses.
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| domain | founded_year | HQ Location |
White-label payment solutions for e-wallets and transfers are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nium
Frequently Asked Questions about NIUM
When was NIUM founded?
NIUM was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is NIUM located?
NIUM is headquartered in Singapore, Singapore.
Who is the current CEO of NIUM?
Prajit Nanu is the current CEO of NIUM. They have also founded this company.
Is NIUM a funded 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 Series D of $200M, raised on May 01, 2015.
How many employees does NIUM have?
As of Apr 05, 2024, the latest employee count at NIUM is 505.
What is the annual revenue of NIUM?
Annual revenue of NIUM is $21.77M as on Mar 31, 2023.
What does NIUM do?
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.
Who are the top competitors of NIUM?
NIUM's top competitors include Ingenico, Currencycloud and Paystack.
How many acquisitions has NIUM made?
NIUM has made 3 acquisitions, including Ixaris, SOCASH, and Wirecard Forex.
Who are NIUM's investors?
NIUM has 27 investors. Key investors include Visa, Tribe Capital, Rocket Internet, Temasek, and European Union.
What is NIUM's valuation?
The valuation of NIUM is $1B as of Jul 2021.
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