Singaporean fintech company Nium with crypto business completes $50 million financing
According to CNBC, Singaporean fintech startup Nium announced the completion of a $50 million new round of financing and plans to go public within the next 18 months. This round of financing was led by an undisclosed Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital. The company is valued at $1.4 billion, a 30% discount from its previous valuation.Nium CEO and founder Prajit Nanu said he is not interested in acquiring companies in the cryptocurrency field because he has not yet seen a demand from merchants for cryptocurrency as a payment method.It is reported that Nium launched a Cryptos-as-a-Service (CaaS) product for financial institutions in 2021 and announced a partnership with BitPay to provide cryptocurrency payments for merchants in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What Are The Key Support And Resistance Levels For Ripple (XRP) During The Market Decline? Analysis Company Reveals
Cryptocurrency analytics firm MakroVision has taken a look at the XRP price situation during the market decline.
In this Altcoin, Developers Say “There is Manipulation Because We Allocate Too Few Tokens to Ourselves”, Demand More Tokens from the Community
Developers in one altcoin project attributed price volatility and manipulation to the fact that they had too few tokens.
400 Million XRP Worth $1.13 Billion Unlocked: But There’s One Thing to Know
Although 400 million XRP have been unlocked, according to Onchain data, this is a planned unlock and most coins will not be sold.
Are the Applications of ETF Applicants DOGE, XRP, SOL, LTC, BONK, MELANIA Altcoins Likely to be Approved? CEO Evaluated
Is there a possibility that the ETF steps that have been put forward recently for various cryptocurrencies, including memecoins, will come true?
Trending news
MoreCrypto prices
More
