Singaporean fintech company Nium with crypto business completes $50 million financing
According to CNBC, Singaporean fintech startup Nium announced the completion of a $50 million new round of financing and plans to go public within the next 18 months. This round of financing was led by an undisclosed Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital. The company is valued at $1.4 billion, a 30% discount from its previous valuation.Nium CEO and founder Prajit Nanu said he is not interested in acquiring companies in the cryptocurrency field because he has not yet seen a demand from merchants for cryptocurrency as a payment method.It is reported that Nium launched a Cryptos-as-a-Service (CaaS) product for financial institutions in 2021 and announced a partnership with BitPay to provide cryptocurrency payments for merchants in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] Bitget Will List EarnM (EARNM). Come and grab a share of 5,632,000 EARNM!
We are thrilled to announce that EarnM (EARNM) will be listed in the Innovation, Web3 and DePin Zone. Check out the details below: Deposit Available: Opened Trading Available: 19 December 2024, 14:00 (UTC) Withdrawal Available: 20 December 2024, 14:00 (UTC) Spot Trading Link: EARNM/USDT Activity: P
Wormhole has integrated Circle’s cross-chain transfer protocol on Sui
Trending news
MoreCrypto prices
More
