Nium crosses $1B appraisal with $200M Riverwood Capital-led round
Nium’s brand-new round fans to a fire shared by a variety of business all going after a worldwide B2B payments market valued at $120 trillion yearly. Nium’s approach is to provide access to a worldwide payment facilities, including card issuance, accounts receivable and payable, and banking-as-a-service through a single API.”As a main payment facilities in one API, Nium is a catalyst that unlocks cross-border payments, local accounts and card issuance with a network of local market licenses, partners and banking relationships to assist in moving cash throughout the world,” he included. Nanu said the brand-new funding makes it possible for the business to move to the United States, which represents 3% of Nium’s income. The business processes $8 billion in payments each year and has issued more than 30 million virtual cards given that 2015. …
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