Nium

About

Nium is a cross-border payments infrastructure company, co-headquartered in San Francisco and Singapore, that lets businesses collect, convert, hold and send funds globally. Its products include cross-border and stablecoin payouts, multi-currency accounts, physical and virtual card issuing, stablecoin cards and account verification, with payouts to more than 190 countries. It serves banks and financial institutions, fintechs and payment processors, payroll providers, travel companies, marketplaces and platforms that pay creators and gig workers. Nium was founded in 2014 by Prajit Nanu and Michael Bermingham as the consumer remittance platform Instarem and adopted its current name in 2019. Its licences include a Major Payment Institution licence from Singapore's MAS, FCA authorisation in the UK and an Australian Financial Services Licence.