NEW YORK, October 5, 2021 — CB Insights today named Nium to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.
We’re honored to be named to the CB Insights Fintech 250 list of top fintech companies for the second year in a row
“We’re honored to be named to the CB Insights Fintech 250 list of top fintech companies for the second year in a row,” said Prajit Nanu, Co-Founder and CEO of Nium. “This recognition validates our mission to remove the layers of friction and the endless complexities that hold back global commerce. With Nium, businesses can access the global payments infrastructure through one API suite, allowing them to focus on what’s important — moving their businesses forward, opening up a whole world of new opportunities, and creating new and meaningful customer experiences.”
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”
Nium remains on a high-growth trajectory, raising over $200 million in Series D funding. A round that propelled Nium to a $1 billion+ valuation, making it the first B2B payments unicorn from Southeast Asia. In the last year, Nium has processed over $8 billion in payments, issued more than 30 million virtual cards, and has seen its revenues grow by more than 280 percent year-over-year. Nium also recently announced it entered into a multi-year agreement with the International Cricket Council (ICC), a global partnership that will help promote the company and its innovations to billions of cricket fans around the world. Overall growth and success for Nium is tied to strategic acquisitions, including the acquisition of travel B2B payments leader, Ixaris, which added comprehensive virtual card issuance capabilities to the Nium platform, as well as the acquisition of Wirecard Forex India Private Limited, which gives Nium greater reach into India’s booming payments market. In the year ahead, Nium will rapidly expand its global payments infrastructure through strategic license acquisitions, new and innovative product development, and accelerated growth globally, as well as in key regions including the United States and Latin America.
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Nium is 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. Its modular platform powers frictionless commerce, helping businesses pay and get paid across the globe with services for pay-outs, pay-ins, card issuance, and banking-as-a-service. Once connected to the Nium platform, businesses have the ability to pay out in more than 100 currencies to over 190 countries – 85 of which in real time. Funds can be received in 33 markets, including Southeast Asia, UK, Hong Kong, Singapore, Australia, India, and the US. Nium’s growing card issuance business is already available in 32 countries, including Europe (SEPA), the UK, Australia and Singapore. Core to Nium is its license infrastructure, built over time in some of the fastest growing economies. Nium owns the broadest license portfolio, covering 11 of the world’s jurisdictions, enabling seamless global payments and rapid integration, regardless of geography.
For more information, visit: https://www.nium.com