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 4 acquisitions, including Cypher HQ, Ixaris and SOCASH. 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
Locked
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Phone
Locked
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Website
Locked
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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
Cypher HQ
& 3 more
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People of NIUM
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on multiple sectors
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Early & late stage investments focused PE & VC firm
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Carveout investments are managed by Riverwood Capital in private equity.
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Investor details for NIUM
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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.
Investment portfolio details for NIUM
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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On-chain banking is facilitated via a Web3 gateway platform.
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Locked | Locked | 2021 | Locked | |
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Cash withdrawals are enabled through a mobile app platform.
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Locked | Locked | 2016 | Locked | |
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Provider of foreign exchange services
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Locked | Locked | 2011 | Locked |
Complete acquisition details for NIUM
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- Transaction dates
- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - NIUM
Detailed financials for NIUM
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- Profit trends
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Nium Comparisons
Peer comparison for NIUM
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- Named peers
- Headcount comparison
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based payment solutions are provided for cross-border transactions.
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Payment processing solutions are provided for businesses in Africa.
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Cross-border money transfers are enabled for businesses through APIs.
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| Locked | Locked | Locked |
POS hardware and software solutions are provided to businesses.
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White-label payment solutions for e-wallets and transfers are offered.
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Detailed competitors of NIUM
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Latest news on Nium
Complete news archive for NIUM
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- Source and publication date
- Older coverage
- Brand-specific news history
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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.
Prajit Nanu is the current CEO of NIUM. They have also founded this company.
NIUM is a funded company, having raised a total of $312.46M across 11 funding rounds to date.
As of Apr 05, 2024, the latest employee count at NIUM is 505.
Annual revenue of NIUM is $21.77M as on Mar 31, 2023.
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's top competitors include Ingenico, Currencycloud and Paystack.
NIUM has 27 investors. Key investors include Visa, Tribe Capital, Rocket Internet, Temasek, and European Union.
The valuation of NIUM is $1B as of Jul 2021.