Fintech
CNBC Names Nium Among World’s Best Fintech Companies 2024
SAN FRANCISCO and SINGAPORE, July 10, 2024 /PRNewswire/ — No, the global leader in real-time cross-border payments, has been named to CNBC’s prestigious “World’s Top Fintech Companies 2024” list. This follows a year of unprecedented growth for Nium with significant new customers, global licenses and funding announced in the last 12 months.
Global cross-border payment flows are expected to skyrocket from $190 trillion in 2023 to 290 trillion dollars by 2030. Yet many banks, financial institutions and businesses continue to rely on slow, expensive and outdated cross-border payment systems, slowing their growth and ability to meet customer demand.
“Nium’s inclusion in the list reinforces our position as a leader in the global fintech ecosystem, leveraging innovative technologies to make cross-border payments faster, cheaper and more reliable for businesses around the world,” said Prajit Nanu, founder and CEO of Nium.
“This recognition is a testament to the continued hard work of our team. I want to take this opportunity to thank all my colleagues for their contributions to building a world-class global payments network and for providing exceptional service to our customers as we continue to grow globally,” he added.
In June this year, the fintech announced that it had raised $50 million in a Series E funding round led by a sovereign wealth fund in Southeast Asia to fuel global network expansion, accelerate product innovation, hire top talent and pursue M&A activities.
Since the start of the year, Nium has announced new regulatory licenses in Japan and New Zealand, as well as several new major customers including Air France KLM, Remote and Emirates NBD, as it continues to expand its offerings in the travel, payroll, marketplace and expense management sectors.
The World’s Top Fintech Companies 2024 is based on the analysis and weighting of general and segment-specific KPIs, derived from the collection of over 20,000 data points from publicly available and self-reported sources across 2,000 companies. The companies with the highest scores in their market segment were awarded as World’s Top Fintech Companies. A total of 250 companies were awarded across eight market segments.
CNBC teamed up with independent market research firm Statista to compile the second edition of the list, published July 10 on cnbc.com.
About Nium
Noa global leader in real-time cross-border payments, was founded with a mission to provide tomorrow’s global payments infrastructure, today. As the global economy evolves, its payments infrastructure is shaping the way banks, fintechs and corporates around the world collect, convert and disburse funds instantly across borders. Its payment network supports 100 currencies and spans over 220 markets, 100 of which are real-time. Funds can be disbursed to accounts, wallets and cards and collected locally in 35 markets. Nium’s growing card issuing business is already available in 34 countries. Nium holds licenses and regulatory approvals in over 40 countries, enabling seamless onboarding, rapid integration and compliance, regardless of geography. The company is headquartered in San Francisco and Singapore.
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SOURCE Nium