Global payments fintech player Nium has inaugurated its European headquarters in London, signifying its robust commitment to enhancing its European presence and recognizing the UK as a paramount fintech nexus.
Originally founded in Singapore in 2014, Nium has revolutionized the manner in which businesses facilitate global monetary transactions. It supports a vast array of prominent global entities, spanning financial institutions, travel corporations, and digital platforms.
Among its clientele are industry stalwarts like Rippling, Payoneer, Currencycloud, and eDreams.
Over the past triennium, Nium has augmented its European footprint, channeling resources into mergers and acquisitions, human capital, and product ingenuity.
The acquisition of the travel payments firm, Ixaris, in 2021, and the recruitment of ex-Payoneer Senior Vice President, Manuel Sandhofer, exemplify the company’s unwavering commitment to European expansion.
The establishment of the new European headquarters is a testament to Nium’s burgeoning demand and market stronghold. This strategic decision further consolidates its operational synchronization across European hubs, including London, Amsterdam, Malta, Germany, France, and Israel.
Impressively, in 2022, the European sector was responsible for over 40% of Nium’s worldwide revenue.
Prajit Nanu, Nium’s CEO and Founder, remarked:
London feels like our second home. Nestling our European headquarters within this vibrant financial heart offers unparalleled access to a prolific financial ecosystem. Given our exponential growth trajectories in APAC and the US, our focus is now keenly trained on Europe, especially towards businesses with emerging markets aspirations.
Manuel Sandhofer, now heading the European operations, shared:
The UK has been our stronghold for years. Supported by local regulatory bodies and our diligent team, we’ve laid down a resilient product, customer, and licensing framework. This new base reaffirms our long-term European ambitions, with the UK as its linchpin.
An ensemble of banks, fintechs, payment schemes, and venture capital firms graced the inaugural event at the new premises. The Chair of the Centre for Finance, Innovation, and Technology, Charlotte Crosswell OBE, not only delivered an insightful address but also had the honor of inaugurating the headquarters.
Crosswell stated:
Despite prevailing challenges for fintech enterprises, the UK undeniably remains a hotspot for burgeoning global businesses. Nium’s move bolsters the UK’s stature as a beacon for financial innovation. We eagerly anticipate aiding Nium in its forthcoming endeavors.”