San Francisco and Singapore, February 13, 2024 – 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 - for the second year in a row.
The recognition comes at an exciting time for the company as it continues its hyper growth journey. With net revenue growth of 50% in 2023, the year was marked by significant product innovations in cross-border payments, as well as continued expansion into new geographic markets and verticals.
“It’s an honor to be among the world’s best again on the Forbes Fintech 50 list,” said Prajit Nanu, Co-founder and CEO at Nium. “We’ve been working hard to double down on meeting our customers’ needs with new products, new verticals, and regional expansions. Our goal for this year is to continue on the path to deliver the global payments infrastructure of tomorrow, today.”
So far this year, Nium launched new enhancements to the platform that aim to provide greater visibility into cross-border payments and ease of integration for clients. The company also announced in principle approval from the Reserve Bank of India for two prestigious payment licenses – the Prepaid Payment Instrument (PPI) License and the Payment Aggregator (PA) License. Last year, Nium launched its groundbreaking Global FX product, which allows for guaranteed and competitive FX rates, including the ability to lock and hold an FX rate for up to 24 hours and settle conversions on a future scheduled date.
In addition to product innovation, the company also saw in-market growth with the launch of Nium’s travel business in APAC and the opening of new Nium offices in San Francisco, London and Singapore. Nium also saw tremendous transaction volume growth with new and existing customers, including Rippling, Hopper, Deel, Gusto, Amadeus, KBank, and Aspire. In 2023, the company exceeded $20 billion in transaction volume.
Last year, Nium was named one of CB Insights Fintech 100 List of Most Promising Fintech Companies. This year, the company was added to Statista's Fastest Growing Companies list and named Best Technology Initiative at The Card and Payments Awards.