Fintech Nium to Continue Building Out Card Issuance, Banking, Crypto as a Service in 2022

Credit Card Mastercard WalletNium, a company focused on payments and card issuance for businesses, notes that as they wrapped up 2021, they decided to take a look back at some of the key milestones..

2021 was a year of many ‘firsts’ for Nium, the company wrote in a blog post. They reportedly became the first global B2B payments unicorn from Southeast Asia, following their Series D investment round.

They made their first strategic acquisitions – including travel B2B payments platform, Ixaris, and Wirecard Forex India Private Limited.

Nium also shared that they became the first official Fintech infrastructure partner of the International Cricket Council as well as announcing support for the 2021 Men’s T20 World Cup. They launched what they claim is the world’s first global platform for crypto-as-a-service and expanded their card issuance service into the United States.

The firm also opened up their first San Francisco head offices – welcoming their CEO and Co-Founder, Prajit Nanu, to his new place of business in the US. They also launched their e-book and online resources for creating advanced payments infrastructure.

Nium further noted that they’ve continued to hit more than 2x YoY growth – “processing over US$8 billion in payments annually.” They’ve also been pleased to have entered various strategic partnerships across the globe, to “co-design fintech solutions that truly make a global impact.”

This includes Nium’s partnerships with:

  • Maritime company Bernhard Schulte Ship Management (BSM), which has “made digital payments more accessible to seafarers across the globe;”
  • Australian-based travel fintech Pelikin, which “enables seamless digital financial services to millions of travelers;”
  • Foreign exchange brand Travelex, which is “boosting digital remittances across the Asia Pacific;”
  • UAE’s international money transfer and foreign exchange company, Al Fardan Exchange, which is “enhancing pay-out services for Al Fardan Exchange customers;” and
  • Jordan’s currency exchange and money transfer provider, Alawneh Exchange, which has “enabled seamless international payments to key major markets.”

According to Nium, behind all their partnerships is a solid team. And their global team has “continued to grow this year.” Currently, Nium employs more than 900 professionals worldwide.

Through “thick and thin,” their team has “persevered to reach many milestones in 2021.”

Nium also noted that if there’s anything the past two years has taught them, it’s that “nobody can predict exactly what the future holds,” but there’s “no harm in trying.”

The company added:

“Throughout the pandemic, we saw the world enter a new era of payments innovation as we all adjusted to the ‘new normal’. And at Nium, we believe that 2022 will be no different. We expect the continued rise of digital payments adoption, particularly across crypto and BNPL, and we envision a surge in travel.”

And as we enter this new era of payments innovation, Nium will be “rapidly expanding to continue to meet market demands.” The firm also believes that 2022 will see them “reach new heights, as [they] strive towards Nium’s eventual IPO.”

The firm also shared:

“In 2022, you can expect to see us continue to build out each of Nium’s key solutions: pay-ins, pay-outs, card issuance, banking-as-a-service and crypto-as-a-service. We will be expanding our global reach through continued investment in our global payments infrastructure, our talent, and the right strategic partners.”

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