SAN
FRANCISCO and SINGAPORE, July 10,
2024 /PRNewswire/ -- Nium, the global
leader in real-time cross-border payments, has been named to the
prestigious 'World's Top Fintech Companies 2024' list by CNBC. This
follows a year of unprecedented growth for Nium with significant
new customers, global licenses, and funding announced over the last
12 months.
Global cross-border payment flows are projected to skyrocket
from USD 190 trillion in 2023 to
USD 290 trillion by 2030. Yet many
banks, financial institutions, and businesses remain dependent on
slow, expensive, and outdated cross-border payment systems, slowing
down growth and the ability to meet customer demand.
"Nium's inclusion in the list reinforces our standing as a
leader in the global fintech ecosystem, leveraging innovative
technology to make cross-border payments faster, cheaper, and more
reliable for businesses around the world," said Prajit Nanu, Nium's founder and CEO.
"This recognition is a testament to our team's continued hard
work. I want to take this opportunity to thank every one of my
colleagues for their part to play in establishing a world-class
global payments network and delivering an outstanding service to
our customers as we continue to scale globally," he adds.
In June this year, the fintech announced it had raised
USD 50 million in a Series E funding
round led by a sovereign wealth fund in Southeast Asia to fuel global network
expansion, accelerate product innovation, hire top talent, and
pursue M&A activity.
Since the start of the year, Nium has announced new regulatory
licenses in Japan and New Zealand, as well as several significant
new customers including Air France KLM, Remote, and Emirates NBD as
it continues to expand its offering in the travel, payroll,
marketplace, and spend management industries.
The World's Top Fintech Companies 2024 is based on the analysis
and weighting of overarching and segment specific KPIs, derived
from the collection of over 20,000 data points from publicly
available and self-reported sources across 2,000 companies. The
companies with the highest score within their market segment were
awarded as World's Top Fintech Companies. A total of 250 companies
were awarded across eight market segments.
CNBC teamed up with independent market research firm Statista to
compile the second edition of the list, published on July 10th on cnbc.com.
About Nium
Nium, the global leader in real-time,
cross-border payments, was founded on the mission to deliver the
global payments infrastructure of tomorrow, today. With the onset
of the global economy, its payments infrastructure is shaping how
banks, fintechs, and businesses everywhere collect, convert, and
disburse funds instantly across borders. Its payout network
supports 100 currencies and spans 220+ markets, 100 of which in
real-time. Funds can be disbursed to accounts, wallets, and cards
and collected locally in 35 markets. Nium's growing card issuance
business is already available in 34 countries. Nium holds
regulatory licenses and authorizations in more than 40 countries,
enabling seamless onboarding, rapid integration, and compliance –
independent of geography. The company is co-headquartered in
San Francisco and Singapore.
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SOURCE Nium