Nium
Singapore-headquartered cross-border payments company
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| 2023 | Nium's CEO Prajit Nanu announced plans to go public in the US by Q2 2025 and to acquire two to three payments startups in Africa, the Middle East, and Latin America. |
| October 2023 | Pratik Gandhi leaves Nium. Around the same time, the Chief Product Officer also departs and Nium announces a layoff of over 10% of its global staff. |
| October 2 2023 | Nium announced a 10% global workforce reduction, shortly after opening new offices in London and Singapore. |
| September 2023 | Robin Gandhi left his position as Chief Product Officer. |
| June 2023 | Instarem, a company under Nium, laid off around 10% of its employees in mid-2023. |
| December 2022 | Paycell, Türkiye's digital payment platform, announced a strategic partnership with Nium to offer international money transfers using Nium's business payments infrastructure. |
| November 2022 | Nium launched a closed-loop payments solution, expanding its financial technology offerings. |
| October 2022 | Nium appointed two new independent board members: Huey Lin, a venture partner with GGV Capital, and David Yates, an executive partner at Siris Capital Group. |
| October 2022 | Partnered with Zero Hash, a B2B2C crypto infrastructure platform, to offer crypto to fiat payment solutions for U.S. customers. |
| August 2022 | Appointed Ramana Satyavarapu as Chief Technology Officer, bringing over 20 years of software engineering expertise from companies like Microsoft, Google, Uber, Two Sigma, and Finix. |
| June 2022 | Partnered with Stellar Development Foundation (SDF) to enable payouts to 190 countries. |
| April 26 2022 | Announced agreement to acquire Socash Pte Ltd, a Singapore alternative payments network, which also provided Nium with the International Remittance Hub license from Bank Negara Malaysia. |
| March 2022 | Appointed Dylan Lowrey as General Counsel, who previously led global Payments Product Legal team at Stripe and served as Vice President at Barclays. |
| January 2022 | Appointed Robin Gandhi as Chief Product Officer, who previously led product efforts at TripActions and Adyen. |
| 2021 | Entered a multi-year strategic partnership with the International Cricket Council (ICC), integrating global ICC events through end of 2023. |
| 2021 | Made first acquisitions: Ixaris (a travel payments optimization firm) and Wirecard Forex (a payments services company in India). |
| 2021 | Pratik Gandhi is elevated to co-founder status. |
| July 2021 | Completed Series D funding round of USD$200M, achieving 'unicorn' status with an estimated valuation of $2 billion. |
| May 2020 | Secured a private equity investment round of over $20 million from BRI Ventures (Bank BRI of Indonesia) and Visa. |
| 2019 | Company rebrands from Instarem to Nium. |
| 2018 | Launched card-issuing platform and achieved real-time fund delivery to over 50 countries. |
| November 2018 | Raised a Series C round of over $20 million, focused on growth in emerging markets in Latin America and Europe. |
| 2017 | Began operating a cross-border payments platform for business users, including banks. Opened offices in the UK, Hong Kong, and Malaysia. Acquired Electronic Money Transfer licenses in Malaysia and the EU. Processed $1 billion USD in transactions. |
| July 2017 | Completed Series B funding round of US$13 million led by GSR Ventures, with participation from multiple investors, to expand payment corridors from 150 to around 2000. |
| 2016 | Company introduces its B2B payments platform. |
| March 2016 | Instarem received a Series A investment of US$5 million from Vertex Ventures Southeast Asia & India, Fullerton Financial Holdings, and Global Founders Capital to acquire licenses for money transfer business in other markets. |
| January 2015 | Global Founders Capital invested US$500,000 as a seed round in Instarem, helping the company develop its money transfer platform. |
| 2014 | Prajit Nanu and Michael Bermingham launch Instarem as a consumer-remittance platform. |
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