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About us

One connection to the world of payments.

Our story

Nium was born out of a mission to simplify the payments experience for consumers and businesses around the world. It launched as Instarem in 2014, providing fast, safe and easy money transfers to friends and family abroad, and quickly grew to become a market leader, processing billions of transactions each year. Core to the success of the Instarem service is an advanced global payments platform. A platform built for simplicity, scale and speed.

That platform is Nium.

Today, the Nium platform connects business to the world’s payment infrastructure through one API. Our modular platform for Pay In, Pay Out and Card-Issuance allows banks, payment providers, travel companies and other businesses to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally.

We enable companies around the world to unlock new revenue opportunities and improve cash flow economics by enabling new service launches in weeks, not months. We’ve become a leader in our geographical and payment service breadth, owning licenses in the world’s largest and fastest-growing economies. This allows us to get money to people and businesses with unmatched speed and minimal friction.

Nium is a proud part of CB Insights Fintech 250, which highlights the most promising Fintech companies globally.

Prajit Nanu

Nium's evolution

2013

Founder Prajit Nanu had a personal challenge moving money

2014

First license application submit – Australia

2015

$500k seed round from GFC

InstaReM launches in Australia

Headcount hits 10 employees

Opened offices in India, Singapore and Australia

MSB License approval in Canada

2016

Series A of $5M lead by Vertex Ventures

Hit milestone of 100k monthly transactions

Expanded to over 10+ corridors

Office in the United States

MSB License approval in Hong Kong, Singapore and part of the US

2017

$13M Series B lead by GSR Ventures

$1B in dollars processed

Offices in UK, Hong Kong, Malaysia, EU

Headcount hits 100+

MSB license approval in Malaysia, EMI License in EU

2018

Launched multi-currency bank accounts.

Launched Real-Time Delivery in 50+ countries

2019

Raised $38M Series C lead by Vertex Growth and Atinum

Nium platform launches

Launched card issuing in first market – Asia and Australia

FSTP License approval in Japan; Remittance license approval in Indonesia

2020

Pay Out enables cash out to 500k locations

EMI License in UK

2021

Launched card issuing in EU and UK

Accquired Ixaris, the worlds 3rd largest B2B Travel card issuer

Headcount hits 500

Opened Japan office, bringing global total to 12

Our awards

CBInsights_2

Winner

The Fintech 250

CB Insights 2020

New York

HighGrowth

Winner

High Growth Company

Financial Times 2021

United Kingdom

Awards

Winner

Oustanding Digital Cross Border Money Transfer Service

ET Net FinTech Awards, 2017

Hong Kong

Awards

Winner

Singapore Fintech Award

Singapore Fintech Festival, 2017

Singapore

Awards

Winner

Blockchain Innovator Award
Swell By Ripple, 2018
San Francisco
Awards

Winner

Fintech Rising Star Award
India FinTech Awards, 2017
Mumbai
In the news

In the news

Banking-as-a-Service: A universal plug for financial services

Nium arrives in Mexico with its offer of international transactions in 15 minutes

Global fintech platform Nium receives UK EMI License

Standing Out with Invisible Payments: The Banking-as-a-Service Paradox

Nium Expands Visa Card Issuance Service in Europe

Our investors

Riverwood logo
US-based private equity fund focusing on high-growth technology companies with proven business models.
GIC logo
One of the largest sovereign wealth funds in the world investing in disruptive market leaders with highly defensible businesses.
Visa, Inc. is a global payments technology company working to enable consumers, businesses, banks, and governments to use digital currency.
Temasek
Temasek is a global investment company headquartered in Singapore. They are a generational investor, seeking to make a difference always with tomorrow in mind.
Vertex Ventures is a global network of operator-investors who manages portfolios in the U.S., China, Israel, India and Southeast Asia. The firm is a trusted partner to some of the world’s most innovative entrepreneurs.

Our leaders

Prajit Nanu

CEO and Co-Founder

Michael Bermingham

Chief Business Officer and Co-Founder

Pratik Gandhi

Chief Operating Officer

Rajesh Venkatesh

Chief Product Officer

Frederick Crosby

Chief Revenue Officer

Nilesh Pathak

Chief Technology Officer

Laurent Reichert

Chief Compliance Officer

Yogesh Sangle

Global Head of Consumer & SME Business

Dana Nino

Senior Vice President, Growth; Customer Success & Partnerships

Joaquín Ayuso de Paúl

Senior Vice President, Banking Services

Katie Mitchell

Global Head of Government Relations

Spencer Hanlon

Global Head of Travel & Transport

Nareg DerManuelian

Senior Vice President, Corporate Development

Dylan Lowery

Head of Regulatory and Product Legal Team

Jeremiah Glodoveza

Global Head of Brand and Communications

Prajit Nanu

CEO and Co-Founder

Prajit Nanu is the Co-Founder and CEO of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

Based in the company’s headquarters in Singapore, Prajit is responsible for expanding the company’s geographic reach and establishing Nium as a leading financial technology platform all over the world. He oversees not just Nium’s B2B arm of the business, but also its B2C platform InstaReM, powered by Nium’s technology. Prajit is also responsible for driving innovation in key markets that Nium has offices in, including Australia, Canada, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, United Kingdom, and the United States of America.

Prior to co-founding InstaReM and eventually Nium, Prajit held leadership positions in various global organizations. He was the Global Sales Director at TMF Group, a multinational professional services firm headquartered in Amsterdam, and was the Vice President of Sales and Account Management at WNS Global Services, a business process management company.

Prajit holds a Bachelor’s in Commerce & Economics from the University of Mumbai.

Michael Bermingham

Chief Business Officer and Co-Founder

Michael is the Co-Founder and Chief Business Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

As Chief Business Officer, Michael is responsible for expanding the company’s geographic reach and establishing Nium as a financial technology leader in new markets beyond Asia. Based in the US, he drives Nium’s business strategy, sales, and retail and institutional partnerships to transform the way remittance is conducted. He is also responsible for monitoring capital requirements to ensure that Nium’s global offices are compliant in local markets.

Michael brings with him over 15 years of experience in the OTC derivatives, spot FX, and financial services industries. Prior to Nium, Michael was a Director at Gain Capital Forex.com Australia, where he managed all aspects of the company’s Australian entity from licensing and product implementation phases, through to live operations. Michael also led Gain Capital’s Operations and Compliance Teams in the UK and US in his decade at the company. Before that, he was at the Wall Street Technology Association where he spearheaded their Vendor Affiliate Program, enabling vendors to directly meet with clients which provided them opportunities to market their products and services.

Michael graduated from Monmouth University with a Bachelor of Science in Business Administration.

Pratik Gandhi

Chief Operating Officer

Pratik is the Chief Operating Officer of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

In his role as Chief Operating Officer, Pratik is responsible for the Finance, Legal, Operations & Customer Service functions.  He drives focus on Nium’s financial and legal requirements across all global markets, and also leads the Operations and Customer Service teams, thereby guiding Nium’s efforts to deliver the promise of offering great services and experiences through its customer service centers and representatives.

Pratik brings over 25 years of leadership experience into Nium, having worked for companies such as Arthur Andersen, Xerox, PepsiCo and Telstra before specializing in banking in the last 15 years. Prior to joining Nium’s consumer and SME arm InstaReM in 2016, Pratik was Chief Financial Officer at Fullerton India Credit, a subsidiary of Singapore’s Temasek Holdings. He was also the Chief Finance Officer and Head of Portfolio Management at Standard Chartered Bank Singapore, and the Regional Chief Finance Officer for Consumer Finance Business at Citibank.

Pratik graduated with a Bachelor of Commerce (Hons) with Finance from the Shri Ram College of Commerce. He is also a Chartered Accountant and a certified Company Secretary.

Rajesh Venkatesh

Chief Product Officer

Rajesh is the Chief Product Officer of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

In his role, Rajesh is responsible for end-to-end product management for both direct to consumers and SME services under the InstaReM brand, and the enterprise platform for other clients to integrate and build upon. In addition, he leads product marketing and data analytics.

Rajesh brings extensive experience in the financial technology sector to Nium, having helmed global product marketing and technology roles in many leading fintech companies from when they were in start-up phase. Prior to his role at Nium, Rajesh was the Head of Product Management at Southeast Asia’s leading super app Grab’s payment arm GrabPay. Before that, he spent over a decade in PayPal where he held multiple senior roles driving consumer and business engagement in Asia Pacific, Latin America, and the US.

Rajesh graduated with a Bachelor of Engineering, specializing in Computer Engineering, from the University of Pune.

Frederick Crosby

Frederick Crosby

Chief Revenue Officer

Frederick is the Chief Revenue Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world. Frederick leads the global Business Development, Marketing, and Communications teams that have helped inform and transform business models for banks, fintechs, and other platforms that needed new payment capabilities in this quickly evolving digital age, and that have made Nium one of the fastest-growing global fintechs in the payment space.

Frederick is a veteran in the cross-border payments and e-commerce space and has catapulted huge global businesses and customer bases at start-ups and enterprise companies alike. In the early days of PayPal, Frederick unlocked the potential of cross-border e-commerce by aligning eBay/PayPal’s massive supply/demand, and providing new functionality for global buyers and sellers to transact.  At Western Union, he led a team that transformed digital remittances into the largest growth engine at the company to attain the #1 position in all their global markets.  As CRO at Veem, Frederick joined a pioneering team bent on making global SMB bank payments into a five-minute affair. His sales and marketing teams built a network of over 170K SMBs around the world who could send and receive payments in a click, and the partnership team, in turn, brought the capability into the world’s largest small business accounting and e-commerce platforms.

Frederick’s passion for supporting global trade and payments stems from a belief that businesses should not let inter-regional regulations and complexities become barriers to better business models and global opportunity. Teaming with great coworkers, partners, and thought leaders, Frederick hopes technology can make global trade into a simple, unified market where business innovation can thrive.

Frederick is a Bay Area native who, along with his wife and kid, like to travel the world and bring their favourite recipes back home for later enjoyment.

Nilesh Pathak

Chief Technology Officer

Nilesh is the Chief Technology Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

A technologist with over 22 years of experience in building high- quality software for various businesses, Nilesh plays a critical role in leading Nium to be at the forefront of innovation within the financial technology space. In his role, Nilesh oversees the building and maintenance of Nium’s core technology platform that powers digital financial services for both businesses and consumers (via InstaReM), directing his team of technologists to drive massive growth at scale across a completely disruptive payments platform.

Prior to his role at Nium, Nilesh was a technology leader for multiple multi-national companies, including digital agency Dentsu (Isobar) and J.P. Morgan.

Nilesh graduated with a Bachelor of Engineering, specializing in Electronics, from the University of Mumbai. He holds a post-graduate diploma in Advanced Computing.

Laurent Reichert

Chief Compliance Officer

Laurent is the Chief Compliance Officer of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

Based in the company’s headquarters in Singapore, Laurent is responsible for leading worldwide regulatory compliance across Nium’s entire product ecosystem, establishing standards and implementing procedures to ensure the compliance programs meet business priorities and regulatory expectations in all of the jurisdictions in which Nium operates. As part of the management team, Laurent provides strategic counsel on regulatory and enterprise risks so that management can make informed choices within an acceptable compliance and risk profile.

A well-seasoned compliance professional with over 15 years of experience in the financial industry, Laurent has held multiple leadership positions in leading fintech and financial institutions globally. This includes WorldRemit (Group Risk Director), Earthport (Head of Compliance, Americas), WorldPay and MoneyGram.

Laurent holds an MBA in Global Management from the Thunderbird School of Management from the USA. He graduated with a Bachelor of Science in International Business from Long Island University.

Yogesh Sangle

Global Head of Consumer & SME Business

Yogesh is the Global Head of Consumer and SME Business at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

Based in the company’s headquarters in Singapore, Yogesh is responsible for expanding Nium businesses across its completely disruptive fintech platform targeted at consumers and SMEs, InstaReM. This involves launching innovative products that will break currency borders and add value to a wide range of customer segments, while at the same time leading consumers and businesses to relook at how they move funds across borders.

Yogesh has led and managed the regional businesses for many well-known companies within the banking, cards and remittances sector, including PayPal, Citibank and MoneyGram. He has spearheaded the digital transformation for some of the global brands in the region, many of which were achieved through the right blend of digital, social and analytical skills – be it acquisition, conversion or experiential engagement.

Yogesh has an MBA from the University of Chicago (Booth School of Business), a Masters in Management Studies, specializing in Marketing from Jamnalal Bajaj Institute of Management Studies and initially graduated from the University of Mumbai with a Bachelor in Mechanical Engineering.

Dana Nino

Senior Vice President, Growth; Customer Success & Partnerships

Dana Nino leads Growth, Customer Success and Partnerships for Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

In her role as SVP of Growth, Dana is responsible for the overall growth, retention and success of Nium’s clients via her leadership over Customer Success and the Solution’s teams. She is also responsible for building Nium’s channel partnership pipeline to scale the business.

Dana brings with her more than fifteen years of experience in the global payments space and has worked with numerous hyper-growth, early-stage companies providing cross-border solutions in the digital space. Having worked in many leading payments companies including PayPal, Cambridge Global Payments, Geoswift, Emergent Payments and Mastercard, Dana has built an extensive portfolio in leading the development and launch of complex, innovative solutions, and is particularly skilled in Go-To-Market strategies, enterprise sales, account management, partnerships and innovation.

Having helmed multiple global roles, Dana understands the nuances of working in different markets across the world, including emerging and high-growth markets such as China, India and Latin America.

Dana is a regular content contributor for leading payments publications and a guest speaker at global payments conferences and events. She earned her Bachelor’s degree from the University of Southern California in Los Angeles.

Joaquín Ayuso de Paúl

Joaquín Ayuso de Paúl

Senior Vice President, Banking Services

Joaquín Ayuso de Paúl is the Head of Labs here at Nium. He is currently working to expand the business into areas such as crypto, investments and lending.

He holds a Computer Science degree at Instituto Católico de Artes e Industrias (ICAI) in Madrid.

He is the co-founder and ex-CTO of Tuenti, a private social network often referred to as the “Spanish Facebook”. He also founded Kuapay, which developed a secure, mobile, payment method platform in Chile and Colombia.

In 2016, Ayuso de Pául founded Denizen, which according to the Financial Times, provides “The world’s first global bank account that will allow account holders to receive money in one country and pay it out in another without incurring any payment fees”. Ayuso de Pául stated that Denizen aims to “Simplify banking for global citizens”.

Most recently, in 2020 he co-founded Rayo, a digital bank for immigrants in the US, which launched in 2021.

Katie Mitchell

Katie Mitchell

Global Head of Government Relations

Based in Singapore, Katie Mitchell serves as Nium’s Global Head of Government Relations. Katie leads Nium’s engagement with policymakers and regulators across the globe and advances policies around financial inclusion, digital transformation, cross-border payments, and fintech. She also leads strategic market entry strategy for complex and dynamic markets where Nium is seeking to deploy additional solutions for consumers, businesses and government.

Prior to leading Government Relations at Nium, Katie spent a decade at Visa and most recently served as the Head of Strategic Initiatives for Government Engagement. There, she developed a global advisory service for technology partners expanding their operations to regions around the world, and especially into Asia Pacific. Katie also designed and implemented Visa’s global policy positions on emerging technology issues, such as data use policies and central bank digital currency. From Washington, D.C. to Mumbai, Canberra, or Naypyidaw, Katie excelled in on-the-ground relationship building that unlocked new business opportunities and provided wide-spread access to financial inclusion and digital literacy.

Katie serves as an Advisory Board Member to the Emerging Payments Association Asia and as Nium’s representative-designate to the World Economic Forum’s Global Innovators Community. Katie is also an alumnus of the Australian American Leadership Dialogue and is in the Leadership Circle for Foreign Policy for America. Committed to inclusion and service, Katie has also served as a pro-bono consultant to non-profit organisations, start-ups, and new enterprises operating in markets throughout South Asia, Sub-Saharan Africa, and the Middle East. She has volunteered as an English teacher in the Kurdish region of Northern Iraq and has been part of a documentary film team in Kenya on behalf of the Clinton Global Initiative.

Katie competed as a Division 1 varsity athlete in volleyball and rowing at Columbia University in the City of New York, where she earned her B.A. in International Relations and Political Science. She pursued a post-collegiate rowing career with U.S. national team ambitions as an elite rower at Potomac Boat Club, where she won several elite national titles. She is an ironman triathlete, ultramarathon runner, and successful alpine mountaineer.

Spencer Hanlon

Spencer Hanlon

Global Head of Travel & Transport

Based out of London, Spencer is responsible for growing Nium’s scale and depth in the travel & transport vertical globally by consolidating its’ position as one of Europe’s earliest issuers of Virtual Cards at scale and an early innovator in the maritime sector.

Prior to joining Nium, Spencer held various leadership positions in British Airways over the course of a decade. Wherein, he experienced working and living in several markets including UK, Taiwan, Malaysia, Switzerland, Israel and Turkey. He furthered his career in travel payments with almost two decades at Lufthansa’s AirPlus International where he led teams in sales, marketing, processing, operations, customer services – culminating in a stint as Managing Director of AirPlus International GmbH based out of their headquarters in Frankfurt Germany. He joined Nium directly from Ixaris Group Ltd where he was Chairman at the time of the acquisition.

Spencer holds a bachelor’s degree in Geography from the University of Newcastle Upon Tyne, is a qualified CIMA Management Accountant and certified GTD Coach.

Nareg DerManuelian

Nareg DerManuelian

Senior Vice President, Corporate Development

Nareg leads M&A, corporate strategy, investor relations, and fundraising. He drives Nium’s inorganic growth strategy through identification and execution of acquisitions and investments.

Nareg brings years of financial services experience, having worked closely with high growth startups. Nareg was previously with Spanish bank BBVA where he led the fintech strategic investing and M&A program, overseeing the group’s activities in the US, Latin America and Europe. Before that, he was a founding member of Citi Ventures, where he invested broadly in fintech. Earlier in his career, Nareg worked in investment banking at Morgan Stanley.

Nareg graduated with an MBA from the Wharton School of the University of Pennsylvania, and a BS in Finance from California State University.

Dylan Lowery

Dylan Lowery

Head of Regulatory and Product Legal Team

Dylan is the Head of Regulatory and Product Legal at Nium, a leading embedded fintech company that provides banks, payment providers, travel companies, and businesses of any size with access to global payment services via one API.

In his role as Head of Regulatory and Product Legal, Dylan is responsible for building out Nium’s global regulatory strategy, with a focus on expansion of new license opportunities and deepening Nium’s portfolio of existing licences to launch new products and services. Dylan will also be focused on increasing product launch cadence by partnering with Nium’s product and engineering teams on the design, build and GTM of new products and services.

Dylan brings with him more than 15 years of regulatory and legal experience in global payments. Prior to joining Nium, Dylan led the global Payments Product Legal team at Stripe, where he was responsible for end-to-end legal strategy and execution for payments products. He partnered with product and engineering teams on product design, build and GTM, as well as structured and negotiated underlying agreements with financial partners. Additionally, Dylan has served as Vice President and Acting US Head of Legal for Corporate Banking at Barclays.

Jeremiah Glodoveza

Jeremiah Glodoveza

Global Head of Brand and Communications

Based in San Francisco, Jeremiah Glodoveza leads global brand strategy, media and industry analyst relations, content marketing, and social media for the payments and card issuance leader, Nium. He has more than twenty years of marketing and communications experience, most recently with Early Warning Services, the company behind the Zelle® payments network. Jeremiah oversaw crisis and corporate communications for Zelle since its inception, guiding the brand’s reputation through its growth years, while simultaneously managing product marketing and corporate communications for Early Warning.

Prior to this, Jeremiah served in several distinguished senior marketing and communications roles at Samsung, Microsoft, Avaya, and NetApp, where he launched several industry-defining technologies in the telecommunications, data storage, entertainment and mobile technology industries. His early career was as a communications consultant, where he guided brands, such as Walmart and Panasonic, in their global expansion efforts.

Jeremiah has received several industry accolades for his work, including being named to PR Week’s prestigious 40 under 40. He serves as a jurist for the Provoke Media’s SABRE Awards, which recognize the highest achievement in innovative communications. He holds an MBA from the University of Washington, specializing in Technology Management, and a BS with honors in Sociology from Santa Clara University. Jeremiah serves on the board of directors for the American Red Cross, Northern California Coastal Chapter.

Our locations

Australia

Australia

Melbourne

Level 4, 152 Elizabeth Street Melbourne, VIC Australia 3000

Canada

Canada

Coquitlam, BC

552A, Clarke Road, Suite 299, Coquitlam, BC Canada V3J 0A3

Hong Kong

Hong Kong

Hong Kong

Flat / RM 606, Hollywood Centre, 77 – 91 Queen’s Road West, Sheung Wan Hong Kong

India

India

Mumbai

1201-1205, B-Wing, Kanakia Wall Street Chakala, Andheri-Kurla Road, Andheri (East) Mumbai – 400 093 India

Indonesia

Indonesia

Jakarta

Conclave Working Space, Fairgound Building - LG SCBD Lot 14 JL Jend Sudirman No. 53, Senayan Jarkarta Selatan

Japan

Japan

Tokyo

Daiwa Shibuya Square 6F, 16-28 Nampeidaichou, Shibuya-ku Tokyo Tokyo 150-0036

Lithuania

Lithuania

Vilnius

Mėsinių g. 5, LT-01133, Vilnius Lithuania

Malaysia

Malaysia

Kuala Lumpur

10th Floor, Menara Hap Seng, No. 1&3, Jalan P. Ramlee, 50250 Kuala Lumpur Malaysia

Singapore

Singapore

Headquarters

#20-05, Hong Leong Building, 16, Raffles Quay Singapore – 048581

United Kingdom

United Kingdom

London

33 Queen St. London EC4R, 1BR United Kingdom

USA

United States

Bedminster, NJ | San Francisco, CA

90 Washington Valley Road, Bedminster, NJ 07921 USA 95 Federal St, San Francisco, CA 94107