Nium provides a real-time payments infrastructure that enables businesses to collect, convert, and disburse funds globally through a single API, facilitating instant transactions to accounts, cards, and wallets. The platform addresses the challenges of slow cross-border payments and complex currency conversions, allowing companies to operate efficiently in over 220 markets.
Funding
$50M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border payment systems involve slow processing times, complex currency conversions, and a lack of transparency, leading to inefficiencies and increased costs for businesses operating globally. These outdated systems struggle to keep pace with the demands of modern, real-time business operations.
Solution
Nium provides a real-time global payments infrastructure that enables businesses to send and receive funds across borders with speed, transparency, and efficiency. Through a single API, Nium's platform facilitates instant transactions to accounts, cards, and wallets in over 220 markets, while managing foreign exchange and mitigating fraud risk. Nium connects to local payment rails and leverages direct bank relationships to enable real-time settlements, bypassing intermediaries and reducing costs. The platform offers various solutions including global payins, global payouts, global accounts, global FX, global card issuing, and global account verification.
Target Audience
Nium primarily serves banks, money transfer operators, payroll providers, marketplaces, spend management companies, creator economy platforms, online travel agencies, and airlines seeking to streamline global payments and optimize financial operations.
Features
- API-driven platform for collecting, converting, and disbursing funds globally
- Real-time payments infrastructure with access to 100+ real-time markets
- Multi-currency accounts to simplify funding, collection, conversion, and disbursements in 100+ currencies
- Global FX management with transparent FX rates and no hidden markups, supporting 125+ currencies
- Global card issuing for launching physical and virtual card programs in 30+ markets
- Global account verification for instant validation of beneficiary accounts in 50+ markets
- Integration with Swift for initiating, tracking, and reconciling transactions
- Single-view dashboard for managing multiple payment applications