Nium, a global leader in real-time cross-border payments, has secured a spot on CNBC’s esteemed ‘World’s Top Fintech Companies 2024’ list. This accolade celebrates Nium’s pivotal role in revolutionizing global financial transactions, underlined by a year of exceptional growth marked by new global licenses, significant funding, and a burgeoning client base.
The global landscape of cross-border payments is set to expand dramatically from USD 190 trillion in 2023 to USD 290 trillion by 2030. Despite this growth, traditional financial systems often hinder efficiency with slow processes and high costs, stifling business growth and customer satisfaction.
Commenting on this recognition, Prajit Nanu, Founder and CEO of Nium, remarked, “Being named among CNBC’s top fintech companies reaffirms Nium’s leadership in transforming global payments through cutting-edge technology. Our mission is to make cross-border transactions faster, more affordable, and reliable for businesses worldwide.”
He further acknowledged, “This achievement is a testament to the dedication of our team. I extend my heartfelt gratitude to every member for their contribution towards establishing a world-class global payments network and delivering exceptional service as we continue to expand.”
Earlier this year, Nium successfully raised USD 50 million in a Series E funding round led by a sovereign wealth fund in Southeast Asia. This capital injection is earmarked for expanding their global network, accelerating product innovation, hiring top talent, and pursuing strategic mergers and acquisitions.
In addition to securing regulatory licenses in Japan and New Zealand in 2024, Nium has onboarded prominent new clients such as Air France KLM, Remote, and Emirates NBD. These developments underscore Nium’s expanding footprint across industries such as travel, payroll, marketplace platforms, and spend management.
The methodology behind CNBC’s World’s Top Fintech Companies 2024 list involves analyzing and weighing key performance indicators across different market segments, drawing from over 20,000 data points sourced from public and self-reported information across 2,000 companies. The highest-scoring firms within their respective sectors were recognized among the top 250 companies.
CNBC collaborated with independent market research firm Statista for the second edition of this prestigious list, published on July 10th on cnbc.com.
Editorial Opinion:
In the dynamic landscape of fintech, Nium’s inclusion in CNBC’s prestigious list is not just a validation of its current success but also a harbinger of future potential. As global commerce increasingly relies on seamless cross-border payments, Nium’s robust infrastructure positions it as a frontrunner in shaping the future of financial transactions.
The USD 50 million Series E funding round and expansion into new regulatory territories highlight Nium’s strategic foresight and ability to navigate complex global markets. By addressing the inefficiencies of traditional banking systems, Nium is not only enhancing operational efficiencies for businesses but also driving economic growth on a global scale.
Looking ahead, Nium’s commitment to innovation and client-centric solutions remains steadfast. As it continues to expand its reach and capabilities, particularly in real-time payments and digital wallets, Nium is poised to play a pivotal role in advancing financial inclusivity and efficiency worldwide.
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