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.

 

HSBC USA Expands its Sustainable Finance Offering for Commercial Banking Clients

HSBC Bank USA, a part of the HSBC Group, has announced that it is offering Sustainability-Linked Loans (SLL), enabling US businesses to tie their borrowing to activities that will primarily support a more sustainable, resilient, and prosperous world. The SLLs are available in a variety of corporate loans and credit facilities, with various terms linked to pre-determined sustainability performance targets (SPTs).

In partnership with clients, HSBC structures SLLs concerning the Sustainability Linked Loan Principles, which are voluntary global guidelines set by the independent Loan Market Associations, whereby SPTs are meaningful and ambitious for organizations' business and performance verified and reported regularly. Besides, SPTs include greenhouse gas emissions reduction; renewable energy use, reduced water use, and diversity metrics like increased workforce diversity.

HSBC Group has also announced a net-zero strategy to align its provision of finance with the most renowned Paris Agreement, with a goal of providing net zero by 2050. HSBC also has launched Business Plan for the Planet, a global campaign to build further awareness of the importance of a net-zero economy and to show the world how HSBC can empower businesses to help organizations make a low-carbon transition.