NIUM, a Singapore-based fintech and global payments firm functioning as a pioneer in modern money mobility, has great expectations for their European business. The company is looking to acquire an enterprise-focused asset for up to $400 million to help with its European expansion. Nium employs roughly 150 people in Europe out of a global workforce of 1,000, with plans to hire another 100 in the next 12 months. According to Nium’s CEO, the company is on course to produce roughly $150 million in annual global revenues this year, with between $80 million and $90 million coming from Europe. Visa and Singapore’s state investment firm Temasek are among the major investors in the startup, which has recently surpassed a $2 billion valuation.
Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market