Fintech

Fintech Nexus Newsletter (June 5, 2024): Nium Raises $50 Million at Lower Valuation

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Nium, a real-time payments infrastructure company, did just that Closed is a $50 million Series E at a $1.4 billion valuation. This is 30% lower than the valuation of the last funding round in 2022.

Speaking to CNBC at Money2020 Europe, CEO Prajit Nanu said the company is still on target for an IPO and is targeting sometime in the next 18 months.

The fintech funding winter is far from over, but the upside to a 30% reduced valuation from the heady days of 2022 is quite respectable.

Fintech infrastructure continues to be a popular vertical for venture capital dollars, but today we are seeing more realistic valuations.

> Fintech firm Nium cuts valuation by 30% in new funding round, aims for IPO in 2025

By Ryan Browne

Despite the lower valuation, Nium is confident it can go public in the next 18 months and is targeting the end of 2025 for its stock market debut.

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  • Peter Renton is president and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and is the author and creator of the Individual fintech podcastthe first and longest running fintech interview series.



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