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FT Partners Advises NIUM on its $200,000,000 Series D Financing Led by Riverwood Capital

Overview of Transaction

  • On July 27, 2021, NIUM announced it has raised a US$200+ million Series D round led by Riverwood Capital – a U.S.-based growth-stage investment firm. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at FIS, Vicky Bindra; and, Co-Founder of Tribe Capital, Arjun Sethi also contributed to the round
  • Total funding raised, including this Series D round, stands at nearly USD$300 million, propelling NIUM’s current valuation above US$1 billion and making it the first B2B payments unicorn from Southeast Asia
  • Through a single API, NIUM provides access to the world’s payment infrastructure, including technologies for pay-outs, pay-ins, card issuance, and banking-as-a-service. Once connected, NIUM customers can send funds to more than 100 countries (most in real-time), pay out in more than 60 currencies, and issue cards in more than 40 countries. Foundational to Nium is its license portfolio, owning the most complete set of money transfer, card issuance and banking licenses in fintech, with services available in 11 jurisdictions.

Significance of Transaction

  • NIUM will use the Series D funds to expand its payment network infrastructure, drive innovative product development, attract top industry talent, and acquire strategic technologies and companies
  • With revenues split almost equally across EMEA and APAC, NIUM will also use funds from this round to accelerate growth in the United States and Latin America

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to NIUM
  • This transaction highlights FT Partners’ deep domain expertise in cross border payments infrastructure and BaaS vertical, as well as its successful track record generating highly favorable outcomes for high-growth FinTech companies globally