# NIUM Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nium-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.nium.com
- Total disclosed funding: $337M
- Latest round: Series E (Jun 4, 2024)
- Investors on record: 22

## About

Based in Singapore and founded in 2014, NIUM Pte. Ltd., formerly known as InstaReM Pte. Ltd., 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.

## Funding rounds

- Series E, Jun 4, 2024, $50M — Brunei Investment Agency, Tribe Capital, NewView Capital, Bond
- Series D, Feb 7, 2022, $8M — Moore Strategic Ventures, Operator Stack
- Series D, Jul 26, 2021, $186M — GIC, Vertex Ventures Southeast Asia & India, Visa, Riverwood Capital, Temasek Holdings, Atinum Investment, Rocket Internet SE, Global Founders Capital, Beacon Venture Capital
- Series C, Mar 31, 2021, $37M — Temasek Holdings, Vertex Ventures Southeast Asia & India, GSR Ventures, Visa Inc., BRI Ventures
- Series C, Mar 26, 2019, $43M — Vertex Ventures Southeast Asia & India, GSR Ventures, Atinum Investment, Rocket Internet SE, SBI Ven Capital, Global Founders Capital, Ripple Labs Inc., MDI Ventures, Beacon Venture Capital
- Series B, Jul 4, 2017, $11M — Vertex Ventures Southeast Asia & India, GSR Ventures, Rocket Internet SE, SBI Ven Capital, Global Founders Capital, Fullerton Financial Holdings
- Series A, Mar 16, 2016, $1.8M — Vertex Ventures Southeast Asia & India, Rocket Internet SE, Global Founders Capital, Fullerton Financial Holdings
- Series A, Aug 1, 2014, $0.5M — Global Founders Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B, Series C, Series D
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A, Series B, Series C, Series D
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series A, Series B, Series C, Series D
- Fullerton Financial Holdings (https://capitalatlas.ai/funds/fullerton-financial-holdings) — Series A, Series B
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B, Series C
- SBI Ven Capital (https://capitalatlas.ai/funds/sbi-ven-capital) — Series B, Series C
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series C, Series D
- Ripple Labs Inc. — Series C
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series C
- Beacon Venture Capital (https://capitalatlas.ai/funds/beacon-venture-capital) — Series C, Series D
- Temasek Holdings — Series C, Series D
- Visa Inc. — Series C
- BRI Ventures (https://capitalatlas.ai/funds/bri-ventures) — Series C
- GIC — Series D
- Visa — Series D
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series D
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series D
- Operator Stack (https://capitalatlas.ai/funds/operator-stack) — Series D
- Brunei Investment Agency — Series E
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series E
- NewView Capital (https://capitalatlas.ai/funds/newview-capital) — Series E
- Bond (https://capitalatlas.ai/funds/bond) — Series E