Tagged: nium

Fintech Funding: Singapore based Fintechs Secured Nearly Half A Billion Dollars in Q1 2020

Fintech businesses in Singapore have secured a total of SGD 656 million (appr. $492.8 million) in equity funding during Q1 2021. This figure represents a 355% increase from last year, according to a recent report from the Boston Consulting Group (BCG). The rise in Fintech… Read More

Global Payments Platform Nium Unveils Maritime Payments Solution

    Global fintech infrastructure platform, Nium, announced on Monday the launch of its maritime payments solution. According to Nium, the solution was created to digitize the payments experience for shipping companies, their management, seafarers, and their families.  “The Nium maritime payment solution leverages the company’s… Read More

The Financial Technology Association Names Klarna, Truework, Nium & Sezzle As New Members

Financial Technology Association (FTA), a trade body for the technology-centered financial services industry, announced on Monday that Klarna, Truework, Nium, and Sezzle have become its newest members. As previously reported, FTA said it believes the successful integration of Fintech solutions in the American financial system… Read More

Global Payments Platform Nium Announces Expansion Into Ghana, Kenya, South Africa, & Tanzania

    Global fintech infrastructure platform, Nium, announced on Tuesday its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa, and Tanzania. Customers of Nium are also able to extend this service to their own consumers.  “Traditionally, businesses, fintechs and even consumers looking… Read More

Nium Appoints Frederick Crosby As New Chief Revenue Officer

Global fintech infrastructure platform, Nium, announced on Thursday it has appointed Frederick Crosby as its new Chief Revenue Officer. The appointment comes less than two weeks after Nium it is expanding its services into Africa and the Middle East. According to Nium, Crosby has nearly… Read More

Global Fintech Infrastructure Platform Nium Announces Expansion into Africa With New Executive Appointments

Nium, a global financial technology infrastructure platform, announced on Tuesday it is expanding its services into Africa. According to Nium, the expansion will be led by newly appointed executive Dana Nino (Senior Vice President for Global Growth, Customer Success, and Partnerships) and will be supported… Read More

U.S. Neobank Unifimoney Teams Up With Nium to Provide International Remittance Capability

Nium, a global fintech infrastructure platform, announced on Tuesday it has formed a partnership with U.S. neobank Unifimoney to enhance the outbound money transfer experience for Unifimoney users. Nium further revealed that the collaboration will expand Unifimoney’s capabilities, as well as introduce real-time global payment… Read More

Payments Platform Nium Teams Up with Neobank Aspire to Enable Google Pay

Singapore-based payments platform Nium has partnered with Aspire, a neobank for businesses, in order to enable payments with Google Pay. Aspire claims that it’s the first business neobank to launch in Southeast Asia. The company announced its plans to go “plastic-less” by issuing corporate Visa… Read More

Singapore Based Fintech Nium Recieves UK Electronic Money Institution License

Nium, a Fintech payments platform, has received an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA) to issue e-money and provide cross-border digital payment services in the UK. Nium, based in Singapore, currently offers services in many different countries and reports… Read More

Singapore based Payments Platform Nium Expands into Latin America with via Partnership with Teledolar

Nium, a payments Fintech based in Singapore, has announced a partnership with Teledolar in Costa Rica thus entering the Latin American market. Nium states that its expansion in LatAm will help Fintechs, banks and financial institutions digitize their solutions. Through the partnership with Teledolar, customers… Read More

InstaReM Collaborates with SBM Bank India on Remittances

InstaReM, part of Nium, has partnered with SBM Bank India on outbound remittances from India. InstaReM says it will work closely with SBM Bank India as its licensed banking partner to facilitate international money transfers from India. As shared in a release, SBM Bank India… Read More

Global Fintech Nium Announces Expansion of Visa Card Issuance Service in Europe

Global fintech platform Nium (formerly known as InstaReM) announced on Tuesday it has expanded Visa Card insurance service in Europe. This news comes just after Nium announced similar services in Australia. Founded in 2015 as InstaReM, Nium is on a mission to improve the cross-border… Read More

InstaReM Launches “BizPay” Solution for SMEs in Australia

InstaReM, a payments Fintech that is part of Nium, has launched BizPay in Australia. The service is designed to assist SMEs by converting credit cards into working capital. The announcement comes soon after the same product launched in Singapore in June. InstaReM believes that SMEs… Read More

New Service by InstaReM Converts Corporate Cards Into Working Capital

InstaReM has announced a new service that helps SMEs in Singapore with their cash flow. The service termed BizPay, utilizes credit limits in corporate cards and converts them into working capital, according to a release from the company. InstaReM, the consumer and SME brand that… Read More

Qatar Fintech Hub to Support Global Financial Services Providers with Establishing Operations in Middle Eastern Country

The Qatar Fintech Hub (QFTH), co-founded by Qatar Development Bank (QDB), is planning to encourage and support multinational Fintech firms to establish operations in the Middle Eastern country. The QFTH noted during a recent meeting that it’s working with several global Fintech hubs. The organization’s… Read More

Fintech Nium Partners with Visa to Offer Cards in Australia

Nium, a Singapore based Fintech platform, has become a Visa issuer in Australia due to its partnership in Visa’s Fintech Fast Track program. In a release, Nium explained that it will be able to provide end-to-end issuing, processing, and onboarding services, and shorten the lead… Read More

Fintech Firm Nium Acquires Additional Funding from Visa, BRI Ventures, GSR Ventures, Vertex Ventures, Others

Fintech firm Nium revealed on May 5, 2020 that it had managed to secure a new round of equity funding. The company’s round received contributions from new investors BRI Inventures, the corporate venture division of Bank BRI of Indonesia, and payments giant Visa. Nium’s latest… Read More

InstaReM Adds “e-KYC” Service in Malaysia

Payments and transfer Fintech InstaReM, part of the  NIUM payments platform, has added an electronic-Know Your Customer or “e-KYC”. InstaReM’s e-KYC eliminates the need for in-person checks. The service is now available in Malaysia has enabled by the central bank the Bank Negara Malaysia (BNM)…. Read More

Nium Adds Cambodias PhillipBank as Cross Border Payment Partner

Nium, previously operating as InstaReM, has enlisted another partner. Today, Nium has announced an agreement with PhillipBank in Cambodia to provide digital cross border payments for enterprises and financial institutions. Prajit Nanu, co-founder and CEO of Nium said they are delighted to be working together… Read More

Payments Platform NIUM Partners with Brazilian Foreign Exchange Broker Frente Corretora de Câmbio

NIUM, a digital payments platform based in Singapore formerly operating as InstaReM, has partnered with Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil. NIUM will power Frente’s cross border payments, according to a release. The move as a significant step for NIUMs… Read More

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