Singapore fintech Nium turns unicorn, topping US$1 billion in valuation

81
Comment
Favorite

Singapore fintech Nium turns unicorn, topping US$1 billion in valuation

The Straits Times2021-07-27

SINGAPORE (BLOOMBERG) - Singapore's Nium, a payments start-up serving businesses, became a rare fintech unicorn in the city-state after raising more than US$200 million in fresh funding. The company ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Deonc
·2021-07-27
please like and comment.
Reply
1
Report
Allyshia
·2021-07-27
Like
Reply
2
Report
Fold Replies
- J256:
  Ok
  2021-07-27
  Reply
  Report
Winyss10
·2021-07-27
5 minutes ago
Reply
2
Report
Dynamism
·2021-07-27
Ok
Reply
1
Report
Alicialai
·2021-07-27
Please like
Reply
2
Report
Fold Replies
- sohadeline:
  ok
  2021-07-27
  Reply
  Report
- Joker_Smile:
  just a matter of time.
  2021-07-27
  Reply
  Report
jellofish
·2021-07-27
good job
Reply
2
Report
KingKong88
·2021-07-27
Wow, nice.
Reply
4
Report
AndrewJyea
·2021-07-27
??
Reply
2
Report
Wen_23
·2021-07-27
????
Reply
1
Report
SirBahamut
·2021-07-27
Waa rare uniform in sg
Reply
2
Report
Fold Replies
- Matchbox20:
  I don't even notice it
  2021-07-27
  Reply
  Report
- KVCGTan:
  ??
  2021-07-27
  Reply
  Report
- Yoongs:
  ??
  2021-07-27
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2154099538?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-27 12:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2154099538","market":"sg","top_or_hot":-1,"title":"Singapore fintech Nium turns unicorn, topping US$1 billion in valuation","media":"The Straits Times","content":"<div>\n<p>SINGAPORE (BLOOMBERG) - Singapore's Nium, a payments start-up serving businesses, became a rare fintech unicorn in the city-state after raising more than US$200 million in fresh funding.\nThe company ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/singapore-fintech-nium-turns-unicorn-topping-us1-billion-in-valuation\">Source Link</a>\n\n</div>\n","source":"straits_highlight","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 Nium turns unicorn, topping US$1 billion in 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 Nium turns unicorn, topping US$1 billion in valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 12:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/banking/singapore-fintech-nium-turns-unicorn-topping-us1-billion-in-valuation><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (BLOOMBERG) - Singapore's Nium, a payments start-up serving businesses, became a rare fintech unicorn in the city-state after raising more than US$200 million in fresh funding.\nThe company ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/singapore-fintech-nium-turns-unicorn-topping-us1-billion-in-valuation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"http://www.straitstimes.com/business/banking/singapore-fintech-nium-turns-unicorn-topping-us1-billion-in-valuation","article_id":"2154099538","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"http://www.straitstimes.com/business/banking/singapore-fintech-nium-turns-unicorn-topping-us1-billion-in-valuation","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2154099538","pubTimestamp":1627358807,"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"SINGAPORE (BLOOMBERG) - Singapore's Nium, a payments start-up serving businesses, became a rare fint","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"新加坡fintech Nium成为独角兽，估值超过美国10亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":0.9},"content_text":"SINGAPORE (BLOOMBERG) - Singapore's Nium, a payments start-up serving businesses, became a rare fintech unicorn in the city-state after raising more than US$200 million in fresh funding.\nThe company said Tuesday its value topped US$1 billion (S$1.36 billion) after a Series D round led by US-based Riverwood Capital. Other backers included Temasek Holdings, Visa, Vertex Ventures, Beacon Venture Capital and Rocket Capital. Singapore's sovereign wealth fund GIC 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 United States and Latin America before pursuing an initial public offering in the US in 18 to 24 months, Chief executive officer Prajit Nanu, 39, said in an interview. The company will remain on the lookout for acquisition targets in those markets as well as Australia, he said.\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 start-ups in the country, mainly focusing on payments, lending, investment and personal finance. Pine Labs, a payments platform for merchants in India and South-east Asia, is one of the most valuable fintech start-ups based in Singapore, valued at US$3 billion.\n\"There has been a glass ceiling for South-east Asian fintech start-ups\" with much investor focus placed on richly-funded consumer tech giants such as Singapore's Grab Holdings as well as Gojek and other Indonesian unicorns, Mr 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 Mr 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 and WNS Global Services.\nMr Nanu came up with the idea after trying to send money from India to Thailand to organise 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 US$640.\nToday, Nium counts Thailand's Kasikornbank and Singapore Telecommunications among more than 200 clients. Similar to Stripe, Nium's software helps businesses to accept online payments. It also allows businesses to send money and issue physical and virtual credit cards.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":809275561,"gmtCreate":1627375490953,"gmtModify":1703488679419,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"please like and comment.","listText":"please like and comment.","text":"please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809275561","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809689252,"gmtCreate":1627365456076,"gmtModify":1703488456865,"author":{"id":"4087470979727350","authorId":"4087470979727350","name":"Allyshia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809689252","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5343526,"gmtCreate":1627365550484,"gmtModify":1663231557646,"authorId":3568246645066934,"author":{"id":3568246645066934,"authorId":3568246645066934,"name":"J256","avatar":"https://static.tigerbbs.com/4c0fb219cf2e82a54daea5531a5407ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809689252,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":809618209,"gmtCreate":1627364866501,"gmtModify":1703488447156,"author":{"id":"3576987369058453","authorId":"3576987369058453","name":"Winyss10","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"5 minutes ago","listText":"5 minutes ago","text":"5 minutes ago","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809618209","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809610805,"gmtCreate":1627364570107,"gmtModify":1703488440502,"author":{"id":"3556144692243777","authorId":"3556144692243777","name":"Dynamism","avatar":"https://static.tigerbbs.com/db9d6b46a7676559e8a7f6dec3c91c10","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809610805","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809631104,"gmtCreate":1627363988908,"gmtModify":1703488430465,"author":{"id":"3581669186334922","authorId":"3581669186334922","name":"Alicialai","avatar":"https://static.tigerbbs.com/ee2492e1e30217ab640b6c6b67473ac8","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/809631104","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5343366,"gmtCreate":1627364163573,"gmtModify":1663231557641,"authorId":3581890280369523,"author":{"id":3581890280369523,"authorId":3581890280369523,"name":"sohadeline","avatar":"https://static.tigerbbs.com/19da53f7b9a8ff8d0b015c5f5adc0982","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809631104,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":5343367,"gmtCreate":1627364175120,"gmtModify":1663231557234,"authorId":3574572092080891,"author":{"id":3574572092080891,"authorId":3574572092080891,"name":"Joker_Smile","avatar":"https://static.tigerbbs.com/fb5bf41aabce75edc01766ad80e2bf49","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809631104,"type":1,"supId":0,"prevId":0,"content":"just a matter of time.","text":"just a matter of time.","html":"just a matter of time."}],"langContent":"EN"},{"id":809639984,"gmtCreate":1627363753548,"gmtModify":1703488427231,"author":{"id":"4088830069362910","authorId":"4088830069362910","name":"jellofish","avatar":"https://static.tigerbbs.com/2226ae65043f79b20f46d07ab25611cc","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"good job","listText":"good job","text":"good job","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809639984","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809697029,"gmtCreate":1627363534261,"gmtModify":1703488424319,"author":{"id":"3581844366704770","authorId":"3581844366704770","name":"KingKong88","avatar":"https://static.tigerbbs.com/ca221e1f8c3c6fd2bccd3f8d4d7b5bdb","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Wow, nice.","listText":"Wow, nice.","text":"Wow, nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809697029","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809692311,"gmtCreate":1627363278633,"gmtModify":1703488419726,"author":{"id":"3583300552492806","authorId":"3583300552492806","name":"AndrewJyea","avatar":"https://static.tigerbbs.com/c7c70a77113d829cd51f85206671a59f","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":0},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809692311","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809696386,"gmtCreate":1627363225145,"gmtModify":1703488418425,"author":{"id":"4088693441304670","authorId":"4088693441304670","name":"Wen_23","avatar":"https://static.tigerbbs.com/34a0f2c1f955c8f8a7a8d30624b36458","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809696386","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809605632,"gmtCreate":1627362589026,"gmtModify":1703488407012,"author":{"id":"3581734227956830","authorId":"3581734227956830","name":"SirBahamut","avatar":"https://community-static.tradeup.com/news/bfb00d5085e2ed1685d99f51539c6bb1","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Waa rare uniform in sg","listText":"Waa rare uniform in sg","text":"Waa rare uniform in sg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/809605632","repostId":2154099538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5343373,"gmtCreate":1627364220665,"gmtModify":1663231558556,"authorId":3576648177420535,"author":{"id":3576648177420535,"authorId":3576648177420535,"name":"Matchbox20","avatar":"https://static.tigerbbs.com/475916823fe04f3f17460a204e8e4aa0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809605632,"type":1,"supId":0,"prevId":0,"content":"I don't even notice <u>it</u>","text":"I don't even notice <u>it</u>","html":"I don't even notice <u>it</u>"},{"id":5343510,"gmtCreate":1627365415241,"gmtModify":1663231557128,"authorId":3570938362108330,"author":{"id":3570938362108330,"authorId":3570938362108330,"name":"KVCGTan","avatar":"https://static.tigerbbs.com/2126be6bc046089345232547cb51d38a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809605632,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"},{"id":5343235,"gmtCreate":1627362988303,"gmtModify":1663231552442,"authorId":3573282285722566,"author":{"id":3573282285722566,"authorId":3573282285722566,"name":"Yoongs","avatar":"https://static.tigerbbs.com/359041796fe61458080479cfd058165b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809605632,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":81,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}