Forbes names Nium to the 2023 Forbes Fintech 50

1 Minute read
11 months ago

San Francisco and Singapore, June 6, 2023 – Nium, the leader in real-time global payments, has been named to the prestigious Forbes Fintech 50 - a list of the most innovative companies in financial technology. This comes on the heels of two milestone years for Nium, with the company seeing unprecedented growth as it expands globally and deepens its presence throughout  the United States, Asia, Latin America, Europe, the Middle East, and Africa. 

According to research by PwC, 42% of the payments industry expects to see an acceleration of instant cross-border, cross-currency, and B2B payments in the next five years. Yet existing banking solutions struggle to meet this growing need. 

“We’ve transformed the cross-border payments market with an infrastructure architected for the real-time reality,” said Prajit Nanu, Nium's co-founder and CEO. “This recognition testifies to our team’s tireless work solving the challenges of the most mission-critical verticals. When money simply needs to be there fast, around the world, people now think of Nium.”

Nium processes more than $25 billion in annualized payment volume, and has seen net revenue grow 2.5X from 2021-2022. In 2023, it plans to double net revenue again as it sees more demand from mission-critical workloads, including payroll. 

Modern money movement and the global network that makes it possible.

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