Asian B2B Payments Platform Nium Raises $200+ Million in Series D

The leading B2B payments platform, Nium, has announced that it has secured $200+ million in its Series D round. The round was led by Riverwood Capita. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at FIS, Vicky Bindra; and, Co-Founder of Tribe Capital, Arjun Sethi, also participated in the round.

Nium has raised nearly $300 million to date. The fresh funding will be used by Nium to drive innovative product development, attract top industry talent, and acquire strategic technologies and companies. Also, the company will use the funds to expand its technical infrastructure and add new embedded fintech services.

“We started Nium with the humble goal of taking out regional complexity in cross-border payments,” said Prajit Nanu, Nium’s Co-founder and CEO. “Today, our sights are set higher. We believe we can be a global catalyst to increase global commerce, removing some of the payments friction which has traditionally held businesses back. The Nium platform simplifies the B2B payments experience by enabling critical financial services to be easily embedded – helping today’s local market players become tomorrow’s global giants.”

Nium provides access to the world’s payment infrastructure to its users through its API. Nium users can send money in seven currencies and issue cards in over 40 countries.