NIUM Pte.
Latest round
- Series E
Last raised
- Jun 2024
Total raised
- $337M
Investors
- 22
About NIUM Pte.
Based in Singapore and founded in 2014, NIUM Pte., formerly known as InstaReM Pte., operates as a financial technology company that offers cross-border money transfer services to financial institutions, SMEs, and individuals through the web and mobile applications. The company was co-founded by Michael Bermingham and Prajit Nanu (CEO) and its services are available in 11 jurisdictions. In March 2022, NewView Capital and Moore Strategic Ventures acquired stakes from GSR Ventures and Rocket Internet in NIUM Pte. Ltd. for USD 5 million. As of Jul 2023, the company is valued at USD 2 billion. NIUM's platform offers a technology stack for multiple use cases, real-time and same-day payments, bank-grade security features, and foreign exchange capabilities. By scaling, increasing corridors, and enhancing current products, the company's application helps to generate revenue, decrease expenses, and improve profitability by enabling customers to transfer money to begin instance remittances. The company generates revenue through transaction fees from its customers and license fees from its global network. NIUM plans to go public at the second quarter of 2025.
Who invested in NIUM Pte.
22 investors across 8 rounds
See all investors in NIUM Pte.
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series E
Jun 4, 2024
Amount
$50M
Investors
Series D
Feb 7, 2022
Amount
$8M
Investors
Series D
Jul 26, 2021
Amount
$186M
Investors
Series C
Mar 31, 2021
Amount
$37M
Investors
Series C
Mar 26, 2019
Amount
$43M
Investors
Series B
Jul 4, 2017
Amount
$11M
Investors
Series A
Mar 16, 2016
Amount
$1.8M
Investors
Series A
Aug 1, 2014
Amount
$0.5M
Investors
Questions about NIUM Pte.
Who invested in NIUM Pte.?
NIUM Pte. has 22 investors on record across 8 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NIUM Pte. raised?
NIUM Pte. has raised 8 venture rounds. Sign up free to see how much each round raised and the total.
When did NIUM Pte. last raise money?
NIUM Pte.'s most recent round on record is a Series E, in Jun 2024.
What does NIUM Pte. do?
Based in Singapore and founded in 2014, NIUM Pte.
Where is NIUM Pte. headquartered?
NIUM Pte. is headquartered in Singapore, Singapore.
Which VCs invest in companies like NIUM Pte.?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at NIUM Pte.'s stage. Their profiles are linked below.
VCs backing financial services startups at Series E
Raising like NIUM Pte.? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.