附近上门

, a global payments processor headquartered in Singapore, has raised a $200 million Series D round led by that values the company at more than $1 billion.

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Nium has now raised a total of $300 million to date.

Existing investors , , , , and Rocket Capital Investment all participated in the round. Angel investors include executive ;, , chief product officer at ; and 鈥檚 .

We spoke with Nium鈥檚 San Francisco-based Chief Revenue Officer , who joined the company in 2020. Crosby described the company as 鈥渢he global payments infrastructure provided for one API solution.鈥�

鈥淎ll businesses now think globally. All customer bases are global, supply chains are global.聽 Everyone needs to access more things and more places, so our ability to work across silos and across countries and payments puts us into a special class,鈥� he said, adding that Nium has created a 鈥渞obust set of APIs so people can use embedded financial services.鈥�

Nium started in Asia, which forced it to think through how to 鈥渕ake these payments seamless between not only different countries, with different laws and rules, but a lot of regulated currency countries,鈥� he said.

鈥淲e started Nium with the humble goal of taking out regional complexity in cross-border payments,鈥� said , Nium鈥檚 co-founder and CEO in the company鈥檚 funding announcement. 鈥淭oday, our sights are set higher. We believe we can be a global catalyst to increase global commerce, removing some of the payments friction which has traditionally held businesses back.鈥�

Nium has 11 bank licenses in seven countries across Asia Pacific, as well as licenses in the U.S., Canada, the U.K. and Europe. It can process payments to more than 100 countries, with 61 of them in real-time. It is now in the process of expanding from Asia and Europe to the U.S., and is next setting its sights on Latin America.

鈥淲e’re the ones who built this bridge to the infrastructure, not relying on other people’s components to do that,鈥� said Crosby.

The company claims $8 billion in payments processed annually, and its revenue has grown 280 percent year over year. Nium has five core customer segments: banking, fintech companies, distributed workforces around the gig economy and supply chain contractors, travel, and finally corporate customers.

Its income includes money made through interchange, as well as program management and setup fees. And it also handles card issuance, having issued 30 million virtual cards to date.

Some key customers are telecommunications company in Singapore, one of its first; , with fleets around the world, to facilitate payments to staff; and foreign exchange services to build out a platform to use travel cards and mobile apps to exchange currencies in the countries they travel to.

Nium also is on an acquisitive spree, having acquired B2B travel payments service based in London, and digital payment processor , a travel-related foreign exchange service, 鈥渨hich opened up a whole new different type of market for us inside India with new licenses,鈥� Crosby said.

鈥淲e will be very actively acquiring things that we think helps complete a more full solution for global payments around the world,鈥� he said.

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