Singapore Fintech Startup Nium Tops $1 Billion Valuation

Bloomberg2021-07-27

Nium raises more than $200 million, led by Riverwood Capital Temasek-backed payments firm targets U.S. IPO within 24 months Singapore’s Nium Pte, a payments startup serving businesses, became a rare ...

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huax
2021-07-27
huax
Ok
- JazzKhor:
  Ok
- huax:
  ok
cfong
2021-07-27
cfong
Wow
- sncx00:
  wow

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There are more than 1,000 fintech startups in the country, mainly focusing on payments, lending, investment and personal finance. Pine Labs Pvt, a payments platform for merchants in India and Southeast Asia, is one of the most valuable fintech startups based in Singapore, valued at $3 billion.\n“There has been a glass ceiling for Southeast Asian fintech startups” with much investor focus placed on richly-funded consumer tech giants such as Singapore’s Grab Holdings Inc. as well as Gojek and other Indonesian unicorns, Nanu said. “That ceiling has been broken and we’re likely to see more unicorns, largely in fintech, coming out of Singapore.”\nNium, which means “rules” in Sanskrit, was co-founded as a cross-border remittance service in 2014 by Nanu, who was neither an engineer nor financier. 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Other backers included Temasek Holdings Pte, <a href=\"https://laohu8.com/S/V\">Visa</a> Inc., Vertex Ventures, Beacon Venture Capital and Rocket Capital. Singapore’s sovereign wealth fund GIC Pte also joined the round, according to a person familiar with the matter who asked not to be named.</p>\n<p>Nium plans to use the funds to expand in the U.S. and Latin America before pursuing an initial public offering in the U.S. in 18 to 24 months, Chief Executive Officer Prajit Nanu, 39, said in an interview with Bloomberg Television’s David Ingles, Yvonne Man and Rishaad Salamat on Tuesday. He said the company may pursue a secondary listing in Singapore later.</p>\n<p>It will remain on the lookout for acquisition targets in those markets as well as Australia, he said. The startup has bought London-based Ixaris as well as Wirecard Forex India Pvt this year.</p>\n<p>Nium’s unicorn status marks a milestone in Singapore, an affluent island nation of 5.7 million people that’s trying to position itself as a vibrant fintech hub. There are more than 1,000 fintech startups in the country, mainly focusing on payments, lending, investment and personal finance. Pine Labs Pvt, a payments platform for merchants in India and Southeast Asia, is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most valuable fintech startups based in Singapore, valued at $3 billion.</p>\n<p>“There has been a glass ceiling for Southeast Asian fintech startups” with much investor focus placed on richly-funded consumer tech giants such as Singapore’s Grab Holdings Inc. as well as Gojek and other Indonesian unicorns, Nanu said. “That ceiling has been broken and we’re likely to see more unicorns, largely in fintech, coming out of Singapore.”</p>\n<p>Nium, which means “rules” in Sanskrit, was co-founded as a cross-border remittance service in 2014 by Nanu, who was neither an engineer nor financier. After growing up in Mumbai, he got a taste of what it’s like to build fast-growing businesses during his 12-year career at firms including Adventity Inc. and WNS Global Services.</p>\n<p>Nanu came up with the idea after trying to send money from India to Thailand to organize a bachelor’s party for a friend in 2013. He ran into a problem as a Thai resort refused to take his credit card and insisted on a bank transfer, while his bank in India requested an extensive list of documents for transferring $640.</p>\n<p>Today, Nium counts Thailand’s Kasikornbank Pcl and Singapore Telecommunications Ltd. among more than 200 clients. Similar to Stripe Inc., Nium’s software helps businesses to accept online payments. It also allows businesses to send money and issue physical and virtual credit cards.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Fintech Startup Nium Tops $1 Billion Valuation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Fintech Startup Nium Tops $1 Billion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-27/singapore-fintech-startup-nium-tops-1-billion-valuation?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nium raises more than $200 million, led by Riverwood Capital\nTemasek-backed payments firm targets U.S. IPO within 24 months\n\nSingapore’s Nium Pte, a payments startup serving businesses, became a rare ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-27/singapore-fintech-startup-nium-tops-1-billion-valuation?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-27/singapore-fintech-startup-nium-tops-1-billion-valuation?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154995370","content_text":"Nium raises more than $200 million, led by Riverwood Capital\nTemasek-backed payments firm targets U.S. IPO within 24 months\n\nSingapore’s Nium Pte, a payments startup serving businesses, became a rare fintech unicorn in the city-state after raising more than $200 million in fresh funding.\nThe company said Tuesday its value topped $1 billion after a Series D round led by Menlo Park, California-based Riverwood Capital LLC. Other backers included Temasek Holdings Pte, Visa Inc., Vertex Ventures, Beacon Venture Capital and Rocket Capital. Singapore’s sovereign wealth fund GIC Pte also joined the round, according to a person familiar with the matter who asked not to be named.\nNium plans to use the funds to expand in the U.S. and Latin America before pursuing an initial public offering in the U.S. in 18 to 24 months, Chief Executive Officer Prajit Nanu, 39, said in an interview with Bloomberg Television’s David Ingles, Yvonne Man and Rishaad Salamat on Tuesday. He said the company may pursue a secondary listing in Singapore later.\nIt will remain on the lookout for acquisition targets in those markets as well as Australia, he said. The startup has bought London-based Ixaris as well as Wirecard Forex India Pvt this year.\nNium’s unicorn status marks a milestone in Singapore, an affluent island nation of 5.7 million people that’s trying to position itself as a vibrant fintech hub. There are more than 1,000 fintech startups in the country, mainly focusing on payments, lending, investment and personal finance. Pine Labs Pvt, a payments platform for merchants in India and Southeast Asia, is one of the most valuable fintech startups based in Singapore, valued at $3 billion.\n“There has been a glass ceiling for Southeast Asian fintech startups” with much investor focus placed on richly-funded consumer tech giants such as Singapore’s Grab Holdings Inc. as well as Gojek and other Indonesian unicorns, Nanu said. “That ceiling has been broken and we’re likely to see more unicorns, largely in fintech, coming out of Singapore.”\nNium, which means “rules” in Sanskrit, was co-founded as a cross-border remittance service in 2014 by Nanu, who was neither an engineer nor financier. After growing up in Mumbai, he got a taste of what it’s like to build fast-growing businesses during his 12-year career at firms including Adventity Inc. and WNS Global Services.\nNanu came up with the idea after trying to send money from India to Thailand to organize a bachelor’s party for a friend in 2013. He ran into a problem as a Thai resort refused to take his credit card and insisted on a bank transfer, while his bank in India requested an extensive list of documents for transferring $640.\nToday, Nium counts Thailand’s Kasikornbank Pcl and Singapore Telecommunications Ltd. among more than 200 clients. Similar to Stripe Inc., Nium’s software helps businesses to accept online payments. It also allows businesses to send money and issue physical and virtual credit cards.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5344708,"gmtCreate":1627374099643,"gmtModify":1663231562147,"authorId":3583980018665683,"author":{"id":3583980018665683,"idStr":"3583980018665683","authorId":3583980018665683,"name":"JazzKhor","avatar":"https://static.tigerbbs.com/72c4959a5beb2fd83e1df2d25eb6a2c0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809290811,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5344136,"gmtCreate":1627370692718,"gmtModify":1663231559649,"authorId":3587028325444709,"author":{"id":3587028325444709,"idStr":"3587028325444709","authorId":3587028325444709,"name":"huax","avatar":"https://community-static.tradeup.com/news/bc321e35d2e38297403a43ba1b540b0f","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.68%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809290811,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":809207574,"gmtCreate":1627370494298,"gmtModify":1703488555598,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809207574","repostId":2154995370,"repostType":4,"repost":{"id":"2154995370","pubTimestamp":1627370342,"share":"https://ttm.financial/m/news/2154995370?lang=&edition=fundamental","pubTime":"2021-07-27 15:19","market":"us","language":"en","title":"Singapore Fintech Startup Nium Tops $1 Billion Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=2154995370","media":"Bloomberg","summary":"Nium raises more than $200 million, led by Riverwood Capital\nTemasek-backed payments firm targets U.","content":"<ul>\n <li>Nium raises more than $200 million, led by Riverwood Capital</li>\n <li>Temasek-backed payments firm targets U.S. IPO within 24 months</li>\n</ul>\n<p>Singapore’s Nium Pte, a payments startup serving businesses, became a rare fintech unicorn in the city-state after raising more than $200 million in fresh funding.</p>\n<p>The company said Tuesday its value topped $1 billion after a Series D round led by Menlo Park, California-based Riverwood Capital LLC. Other backers included Temasek Holdings Pte, <a href=\"https://laohu8.com/S/V\">Visa</a> Inc., Vertex Ventures, Beacon Venture Capital and Rocket Capital. Singapore’s sovereign wealth fund GIC Pte also joined the round, according to a person familiar with the matter who asked not to be named.</p>\n<p>Nium plans to use the funds to expand in the U.S. and Latin America before pursuing an initial public offering in the U.S. in 18 to 24 months, Chief Executive Officer Prajit Nanu, 39, said in an interview with Bloomberg Television’s David Ingles, Yvonne Man and Rishaad Salamat on Tuesday. He said the company may pursue a secondary listing in Singapore later.</p>\n<p>It will remain on the lookout for acquisition targets in those markets as well as Australia, he said. The startup has bought London-based Ixaris as well as Wirecard Forex India Pvt this year.</p>\n<p>Nium’s unicorn status marks a milestone in Singapore, an affluent island nation of 5.7 million people that’s trying to position itself as a vibrant fintech hub. There are more than 1,000 fintech startups in the country, mainly focusing on payments, lending, investment and personal finance. Pine Labs Pvt, a payments platform for merchants in India and Southeast Asia, is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most valuable fintech startups based in Singapore, valued at $3 billion.</p>\n<p>“There has been a glass ceiling for Southeast Asian fintech startups” with much investor focus placed on richly-funded consumer tech giants such as Singapore’s Grab Holdings Inc. as well as Gojek and other Indonesian unicorns, Nanu said. “That ceiling has been broken and we’re likely to see more unicorns, largely in fintech, coming out of Singapore.”</p>\n<p>Nium, which means “rules” in Sanskrit, was co-founded as a cross-border remittance service in 2014 by Nanu, who was neither an engineer nor financier. After growing up in Mumbai, he got a taste of what it’s like to build fast-growing businesses during his 12-year career at firms including Adventity Inc. and WNS Global Services.</p>\n<p>Nanu came up with the idea after trying to send money from India to Thailand to organize a bachelor’s party for a friend in 2013. He ran into a problem as a Thai resort refused to take his credit card and insisted on a bank transfer, while his bank in India requested an extensive list of documents for transferring $640.</p>\n<p>Today, Nium counts Thailand’s Kasikornbank Pcl and Singapore Telecommunications Ltd. among more than 200 clients. Similar to Stripe Inc., Nium’s software helps businesses to accept online payments. It also allows businesses to send money and issue physical and virtual credit cards.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Fintech Startup Nium Tops $1 Billion Valuation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Fintech Startup Nium Tops $1 Billion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-27/singapore-fintech-startup-nium-tops-1-billion-valuation?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nium raises more than $200 million, led by Riverwood Capital\nTemasek-backed payments firm targets U.S. IPO within 24 months\n\nSingapore’s Nium Pte, a payments startup serving businesses, became a rare ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-27/singapore-fintech-startup-nium-tops-1-billion-valuation?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-27/singapore-fintech-startup-nium-tops-1-billion-valuation?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154995370","content_text":"Nium raises more than $200 million, led by Riverwood Capital\nTemasek-backed payments firm targets U.S. IPO within 24 months\n\nSingapore’s Nium Pte, a payments startup serving businesses, became a rare fintech unicorn in the city-state after raising more than $200 million in fresh funding.\nThe company said Tuesday its value topped $1 billion after a Series D round led by Menlo Park, California-based Riverwood Capital LLC. Other backers included Temasek Holdings Pte, Visa Inc., Vertex Ventures, Beacon Venture Capital and Rocket Capital. Singapore’s sovereign wealth fund GIC Pte also joined the round, according to a person familiar with the matter who asked not to be named.\nNium plans to use the funds to expand in the U.S. and Latin America before pursuing an initial public offering in the U.S. in 18 to 24 months, Chief Executive Officer Prajit Nanu, 39, said in an interview with Bloomberg Television’s David Ingles, Yvonne Man and Rishaad Salamat on Tuesday. He said the company may pursue a secondary listing in Singapore later.\nIt will remain on the lookout for acquisition targets in those markets as well as Australia, he said. The startup has bought London-based Ixaris as well as Wirecard Forex India Pvt this year.\nNium’s unicorn status marks a milestone in Singapore, an affluent island nation of 5.7 million people that’s trying to position itself as a vibrant fintech hub. There are more than 1,000 fintech startups in the country, mainly focusing on payments, lending, investment and personal finance. Pine Labs Pvt, a payments platform for merchants in India and Southeast Asia, is one of the most valuable fintech startups based in Singapore, valued at $3 billion.\n“There has been a glass ceiling for Southeast Asian fintech startups” with much investor focus placed on richly-funded consumer tech giants such as Singapore’s Grab Holdings Inc. as well as Gojek and other Indonesian unicorns, Nanu said. “That ceiling has been broken and we’re likely to see more unicorns, largely in fintech, coming out of Singapore.”\nNium, which means “rules” in Sanskrit, was co-founded as a cross-border remittance service in 2014 by Nanu, who was neither an engineer nor financier. After growing up in Mumbai, he got a taste of what it’s like to build fast-growing businesses during his 12-year career at firms including Adventity Inc. and WNS Global Services.\nNanu came up with the idea after trying to send money from India to Thailand to organize a bachelor’s party for a friend in 2013. He ran into a problem as a Thai resort refused to take his credit card and insisted on a bank transfer, while his bank in India requested an extensive list of documents for transferring $640.\nToday, Nium counts Thailand’s Kasikornbank Pcl and Singapore Telecommunications Ltd. among more than 200 clients. Similar to Stripe Inc., Nium’s software helps businesses to accept online payments. It also allows businesses to send money and issue physical and virtual credit cards.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5344121,"gmtCreate":1627370621681,"gmtModify":1663231559653,"authorId":3577764785081065,"author":{"id":3577764785081065,"idStr":"3577764785081065","authorId":3577764785081065,"name":"sncx00","avatar":"https://static.tigerbbs.com/76058ac62e6ab115952491be37a1ad4d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809207574,"type":1,"supId":0,"prevId":0,"content":"<u>wow</u>","text":"<u>wow</u>","html":"<u>wow</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2154995370"}