Forbes names Nium to the 2023 Forbes Fintech 50

2 Minute read
10 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. 

About Nium

Nium, the leader in real-time global payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the on-demand economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.

Media Contact

Kayla LaDuke, Nium

[email protected]

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

There were errors with your submission