Fintech
Fintech Nexus Newsletter (June 5, 2024): Nium Raises $50 Million at Lower Valuation
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.
In the foreground
> 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.
From the Fintech Nexus
> The LoanPro/Visa DPS integration offers unique credit customization opportunities
By Tony Zerucha
The integration of LoanPro’s credit platform with Visa DPS helps brands address the reduction of interchange fees while providing unique personalization.
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Anthony Sharett, President of Pathward, on how to properly manage banking-as-a-service
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Web seminar
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June 6, 12pm EDT
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