04/07/2023 (Singapore) - Nium, a fintech firm based in Singapore, has officially launched its new headquarters in the city-state. The new hub aims to serve as a strategic pivot for its clientele across the Asia Pacific, Middle East, and Africa. Singapore’s deputy prime minister, Heng Swee Keat, officiated the launch ceremony.
The new headquarters will continue to be the base for Nium's Co-founder and Chief Operating Officer, Pratik Gandhi. In addition, Anupam Pahuja, recently appointed as the Executive Vice President and General Manager for Asia Pacific, Africa, and the Middle East, will also supervise operations at the new hub.
During the inauguration, Nium's Co-founder and COO, Prajit Nanu, attributed the success of Nium to the supportive environment provided by Singapore's thriving fintech community. He envisions the new headquarters as a breeding ground for the company's growing regional team and a platform for entrepreneurs who are keen to resolve emerging global challenges through innovation.
Beyond the establishment of its new headquarters, Nium has broader ambitions. The firm plans to collaborate with public and private sectors to set up a center of excellence in Singapore. The center aims to cultivate "BizTech" talent, a new category in the job market that emphasizes the increasing importance of technical proficiency coupled with business acumen.
Nium is also extending the reach of its fintech accelerator, Bolt. Bolt, which was originally founded in Singapore, provides startup founders with access to facilities, funding, mentorship, and technology, thus facilitating their growth. The program is slated to expand to San Francisco, California, in an effort to support Singaporean companies looking to extend their operations to the US.
Jeffrey Siow, the Managing Director and CEO of Enterprise Singapore, hailed the opening of Nium's new headquarters as a testament to the company's enduring commitment to Singapore. He expressed anticipation for ongoing collaboration with Nium as the firm continues to scale globally.
Nium, founded in 2014 by Prajit Nanu and Mike Bermingham, provides B2B payment services including pay-outs, pay-ins, card issuance, and banking-as-a-service. The company made headlines as Southeast Asia's first B2B payments unicorn after securing more than $200 million in a Series D funding round in July 2021. The round was led by US-based Riverwood Capital, with participation from renowned investors such as Temasek, GIC, Vertex Ventures Southeast Asia & India, Visa, Rocket Internet, Atinum, and Beacon VC.