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Fintech Nium to Continue Building Out Card Issuance, Banking, Crypto as a Service in 2022

Fintech Nium to Continue Building Out Card Issuance, Banking, Crypto as a Service in 2022
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Nium Joins the Unicorn Club With Its Latest US$200 Million Series D Fundraise

Nium Joins the Unicorn Club With Its Latest US$200 Million Series D Fundraise
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SG s Nium announces over $200 million in Series D funding led by Riverwood Capital

Prajit Nanu, co-founder and CEO, Nium July 27, 2021 Singapore-based cross-border payments firm Nium has raised over $200 million in a Series D funding valuing the firm at over $1 billion, making it Southeast Asia’s first B2B payments unicorn, said the firm in a statement. This marks the second close of its Series D, which DealStreetAsia first reported earlier this month in which Nium raised about $78 million from US-based growth investor Riverwood Capital Partners, Vertex Growth, and other investors. According to Nium, the latest Series D round was led by Riverwood Capital Partners, and joined by Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors. Names investors include DoorDash executive, Gokul Rajaram; chief product officer at FIS, Vicky Bindra; and co-founder of Tribe Capital, Arjun Sethi.

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Sebastian Brunner Communications: Insolvency Administrator Dr Michael Jaffé: Further Successful Sale in Asia

(1) MUNICH and ASCHHEIM, GERMANY / BANGALORE, INDIA / ACCESSWIRE / July 7, 2021 / The insolvency administrator of Wirecard Sales International Holding GmbH, Rechtsanwalt Dr Michael Jaffé, has successfully sold another Asian entity. Following an international bidding process, the Indian subsidiary Wirecard Forex India Private Limited has been sold to NIUM Pte. Ltd., a global payment service provider, specializing in the field of cross-border transfers and card issuance. Wirecard Forex India Private Limited is a foreign currency exchange, pre-paid card and remittance service provider in India licensed by the Reserve Bank of India as Authorized Category II Money Exchange Dealer. The Company and its nearly 190 employees provides the Indian market with foreign currency exchange and money remittance services. The transaction is still subject to certain conditions, in particular, approval by the local banking control authority.

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Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Nium acquires Wirecard subsidiary in India

Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Nium acquires Wirecard subsidiary in India
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