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Powering the
On-Demand Economy.
At Nium, we operate at the intersection of an increasingly interconnected world, where the traditional finance industry has been disrupted, and on-demand is in demand. Our payments infrastructure is leading a transformation in payments, enabling anyone, anywhere to make and receive payments instantly, regardless of the location or currency.
Latest company news
Nium, the global leader in real-time, cross-border payments, today announced it is now registered as a Financial Services Provider in New Zealand.
The Fintech Marketing Hub, in partnership with Innovate Finance, released its 4th edition of “Fintech’s 30 Most Influential Marketers.” The list celebrates marketing excellence and innovation, with honorees from globally renowned fintech brands.
Nium, the leader in real-time cross-border payments, today announced its partnership with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers.
Weel’s partnerships with Nium and Visa provides a strong foundation for Weel to take its highly successful product offering to overseas markets. Nium’s end-to-end solution and licensing in over 40 markets, coupled with Visa’s acceptance in over 200 markets, will enable Weel to pursue a faster go-to-
Nium, the leader in real-time cross-border payments, today announced its partnership with Secret Escapes, one of the world’s leading luxury travel and experiences companies, to deliver enhanced payment services for its global network of hotel partners.
Global payments leader enables inbound transfers of up to 50 Million JPY, offering a faster, cheaper, transparent alternative
Payments leader seizes opportunity to drive adoption of real-time payments in the region
Ebury, one of the world’s largest fintech companies specializing in transactions for SMEs, today announced its partnership expansion with Nium, the leader in real-time global payments, to deliver a groundbreaking global remittance service in Brazil.
Nium has won ‘Best Technology Initiative’ at The Cards and Payments Awards 2024. This accolade recognises Nium’s best-in-class payments infrastructure and its role driving the adoption of real-time global payments around the world.
Nium unveils three enhancements to the platform that aim to provide greater visibility into cross-border payments and ease of integration for clients.
Mumbai, 6 February 2024 – Nium, the leader in real-time global payments, proudly announces it has received in principle approval from the Reserve Bank of India for two prestigious payment licences – the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA) Licence.
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21 November 2023 — Nium, the leader in real-time global payments, and Jeonbuk Bank (JB Bank), a leading South Korean financial institution, have announced a groundbreaking partnership.
New platform innovations to solve transparency and speed challenges of global money movement.
SAN FRANCISCO, Calif. and SINGAPORE – October 23, 2023 — Nium, the leader in real-time global payments, today announced Nium Global FX – a product that allows for guaranteed and competitive FX rates. This includes the ability to lock and hold an FX rate for up to 24 hours and settle FX conversions o
MUMBAI - 12 October 2023 — Nium, the leader in real-time global payments, in partnership with the International Cricket Council (ICC) are thrilled to unveil a spectacular set of events to electrify the ICC Men's Cricket World Cup 2023 in India from 5 October to 19 November 2023.
Singapore, 19 October, 2023 - Nium, the leader in real-time global payments, has expanded its B2B travel payments offering in the Asia Pacific (APAC) region, building on rising demand for its virtual card solution offering globally.
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The leader in real-time global payments honored for a fourth year in a row from a pool of 19,000 companies for its achievements in cross-border payments.
London, 22nd September 2023 – Nium, the leader in real-time global payments, has opened a new European headquarters in London to accelerate business expansion across Europe and affirm its commitment to the UK as a leading fintech hub.
The ICC together with official fintech infrastructure partner and leading real-time global payments platform, Nium, today invited all cricket-loving technologists to revolutionize the world of cricket through cutting-edge innovation as part of the second edition of the Next In hackathon.
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The company’s 2022 annual audit shows impressive growth with a focus on regional expansion, becoming first fintech startup from Singapore to have over 20 offices globally.
Nium affirms long-term commitment to Singapore, announcing new initiatives to drive growth of “BizTech” job category.
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Nium’s exponential success continues with 2.5X revenue growth from 2021 to 2022; with plans to double in 2023
Nium’s global payroll offering serves market expected to reach $19.5 billion by 2031 by removing regulatory complexities and reducing settlement times. San Francisco and Singapore, May 31, 2023 — Nium, the leader in real-time global payments, has enhanced its market-leading payroll payments solutio
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Entrepreneur Of The Year celebrates driven entrepreneurs who are building bolder futures SAN FRANCISCO, May 1, 2023 – Ernst & Young LLP (EY US) has announced that Prajit Nanu, Founder and CEO at Nium was named an Entrepreneur Of The Year® 2023 Bay Area Award finalist. Now in its 37th year, Entrepren
With over a decade of payments experience at PayPal, Pahuja will build upon Nium’s success in Southeast Asia, while elevating the brand’s presence throughout the Middle East and Africa SINGAPORE, April 12, 2023 — Nium, the global payments infrastructure for the on-demand economy, today announced the
Steinle brings more than a decade of global payments experience from Adyen to fuel Nium’s next stage of hyper growth SAN FRANCISCO, April 3, 2023 — Nium, the global payments infrastructure for on-demand money movement, today announced the appointment of Volker Steinle as Senior Vice President and Ge
21 March 2023 – CellPoint Digital, the global leader in Payment Orchestration, has today announced a new partnership with Nium, the global platform for on-demand money movement. Through this integration, CellPoint Digital and Nium will offer merchants a frictionless, optimised end-to-end money movem
Winning submission focused on Augmented Reality Hackathon to use technology to bring fans closer to the game Assets for media to use rights free including video and images from Hackathon final and “Next In” infographic The ICC and Nium, the global platform for on-demand money movement, today announc
Nium, a global leader in cross-border money movement, and Travel Ledger, a global B2B settlement network for the travel industry, have announced a strategic agreement to bring innovative payments solutions to travel businesses worldwide. Nium’s single platform for global payments and card issuing pr
Cross-border payments leader removes deductions on global wire transfers, supports 7 new payout currencies, and provides real-time transaction tracking through SWIFT gpi SAN FRANCISCO, Calif., USA – February 7, 2023 – Nium, the global platform for on-demand money movement, today announced zero-deduc
First Hackathon from the ICC will Shape the Future of On- and Off- Field Engagement Dubai, UAE – Jan. 11, 2023 – The International Cricket Council (ICC) and official fintech infrastructure partner and Modern Money Movement platform, Nium, today announced the launch of “Next In”, a global hackathon o
Türkiye’s most inclusive financial services platform, Paycell, continues to make life easier for its users with easy and secure payment solutions and financial services. Thanks to the account-to-account international money transfer process implemented by Paycell in partnership with Nium, users can m
Air Europa and others to be among the first to implement equitable payment solution Nium Airline Payments uses trusted UATP authorization rails and bank transfers to lower payment cost, guarantee acceptance, and offer ultra-flexible incentives London – 22 November 2022 – Nium, the global platform fo
MUMBAI, VALETTA, SINGAPORE, SAN FRANCISCO, 21 November 2022 – Nium, the global platform for Modern Money Movement, today proudly announced its official Great Place to Work® Certification™ across four countries: India, Malta, Singapore, and the United States of America. The Certification is the resul
LONDON, 11 November 2022 – Nium, the global platform for Modern Money Movement, today announced it has joined the United for Wildlife (UfW) Financial Taskforce, signing the Mansion House Declaration to take a stand against the exploitation of financial services for illegal wildlife trade (IWT). Fou
MELBOURNE, 28 October 2022 — Nium, the global platform for Modern Money Movement and the Official Fintech Infrastructure Partner of the International Cricket Council (ICC), today announced the details of its involvement at the ICC Men’s T20 World Cup in Australia from 16 October to 13 November 2022.
Last month, Nium and the ICC challenged cricket-loving technophiles to test their coding skills in the Nium Coding Challenge. More than 15,000 people stepped up to take the challenge, answering questions on code snippets used in a soon-to-be-released trivia game called, “WhoZat?!” Today, the ICC in
Our Story.
Our CEO Prajit experienced first-hand the challenges of traditional global payments - high
foreign exchange fees; complex time-consuming transactions; and tons of paperwork.
Nium's origins lies in InstaRem, co-founded in 2014 by Prajit and Michael Bermingham. The
driving force behind the company was Prajit's own frustrating experience with cross-border
remittance payments, and his desire to simplify the process for businesses and consumers alike.
InstaRem quickly won customers across the globe thanks to its intuitive user experience,
competitive rates, and broad reach. 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. Our extensive network, diverse range of licenses, and powerful APIs work
together seamlessly to accelerate our customers' business growth both locally and
internationally.
Today, Nium is the global infrastructure for on-demand money movement and the fastest way to
send money across borders.
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Our Purpose.
To solve the payment challenges that unlock the full potential of the global economy.
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Our Mission.
To build the payment infrastructure for on-demand money movement.
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Our Vision.
To be the real-time, global money movement standard.
I was determined to fix the problem — and that's how Nium's journey began.
Prajit Nanu, Founder and CEOI was trying to organize a get-together from India with friends in Thailand. I picked a spot and needed to send a small deposit for the booking. The resort asked me to send money to their account as a bank-to-bank transfer. I thought it would be simple, but my bank wanted tons of paperwork. Luckily, I found an Indian friend based in Thailand that I could transfer the money to in India, and he paid for the resort in Thai baht. But it got me thinking: Why is it so hard to move money around the world?
Our History.
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- Co-Founder Prajit Nanu had a personal challenge moving money
- First license application submit—Australia
- $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
- Series A of $5M led by Vertex Ventures
- Hit milestone of 100k monthly transactions
- Expanded to over 10+ corridors
- Office in the United States opens
- MSB License approval in Hong Kong, Singapore and part of the US
- $13M Series B led by GSR Ventures
- $1B in dollars processed
- Offices in the UK, Hong Kong, Malaysia and the EU open
- Headcount hits 100+
- MSB license approval in Malaysia, EMI License in EU
- Launched multi-currency bank accounts
- Launched real-time delivery in 50+ countries
- 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
- Raised $38M Series C led by Vertex Growth and Atinum
- EMI License in UK
- Raised $200M Series D
- Acquired Ixaris, the world’s 3rd-largest B2B travel card issuer
- Headcount hits 700
- Opened Japan office, bringing global total to 17
- Launched card issuing in EU and UK
- Acquired Wirecard Forex, payment services company in India
- Headcount hits 900+ Nium'ers
- Became the Official Fintech Infrastructure Partner of the ICC
- Announced Great Place To Work Certified™ in India, Malta, Singapore as the United States
- Headcount hits 1000+ Nium'ers
- New offices in Singapore, San Francisco, and Amsterdam
- Enhanced Payroll Solution Released
Our Guiding Pillars.
To Be the Leading Payments Infrastructure for Businesses.
Our payments infrastructure is optimized for fast-growing businesses, replacing legacy systems with next-generation infrastructure delivering real-time processing, data-rich messaging, and standards interoperability to make it easier for them to move money around the world.
To Provide Flexible Options for Global Money Movement.
We support businesses with the most currencies and channels-including wallets, accounts, cards, and more-with the broadest reach to ensure that money can move seamlessly to anyone, anywhere. We prioritize optionality, giving our customers and the market at large what it needs today and tomorrow.
To Deliver On-Demand Payments to Anyone, Anywhere.
We enable real-time money movement to more than 100 countries - shorter settlement windows, immediate funds receipt, most efficiency. We support new money movement requirements for gig workers, creators, and businesses that have been built around the new workforce.
Co-Founder Corner.
Prajit Nanu
Co-Founder and CEOPrajit Nanu leads Nium's corporate and product strategy as we move toward on-demand money movement. Under his leadership, Nium has won several accolades, including being named twice to the CB insights Fintech 250 and the Financial Times list of High-Growth Companies. Prior to co-founding 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.
Michael Bermingham
Co-Founder and Chief Business OfficerMichael 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 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.
Pratik Gandhi
Co-Founder and Chief Operating OfficerPratik has accumulated over 25 years of leadership experience, 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.
Our Investors.
Hear From Our Customers
“We chose Nium for its advanced technology and broad payouts reach in 190+ countries around the world including some of the most mature economies such as China, Hong Kong, the U.S. and the U.K. That, combined with the real-time speed of their payments at considerably lower transaction costs compared to older global payment rails like Swift, and the company’s broad market knowledge in emerging and established markets, makes it an ideal partner to handle payouts abroad from Brazil to the rest of the world.”
– Rodrigo Xavier, CEO of OZ Câmbio
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"We currently live in a borderless world with a strong sense of urgency where we see customers focused on three pillars, reliability, state of the art technology, and most importantly, real time payments and instant payments."
- Mauro Neto, New product development, Treviso
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Nium’s solution has helped KBank grow and give a better service to our customers. Nium’s solution improves every year, and we are looking forward to expanding to more corridors in the future.
– Tawan Thammanichanon, Head of International Trade Product Management at KBank
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