Leading global payments and card issuance company honored second year in a row for achievements in Payments Processing and Networks at CB Insights Future of Fintech

CB Insights has named Nium to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.

“We’re honored to be named to the CB Insights Fintech 250 list of top fintech companies for the second year in a row,” said Prajit Nanu, Co-Founder and CEO of Nium. “This recognition validates our mission to remove the layers of friction and the endless complexities that hold back global commerce. With Nium, businesses can access the global payments infrastructure through one API suite, allowing them to focus on what’s important -- moving their businesses forward, opening up a whole world of new opportunities, and creating new and meaningful customer experiences.”

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries.  These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We're excited to see how these fintech startups disrupt and transform financial services in the years ahead."

Nium remains on a high-growth trajectory, raising over $200 million in Series D funding. A round that propelled Nium to a $1 billion+ valuation, making it the first B2B payments unicorn from Southeast Asia. In the last year, Nium has processed over $8 billion in payments, issued more than 30 million virtual cards, and has seen its revenues grow by more than 280 percent year-over-year. Nium also recently announced it entered into a multi-year agreement with the International Cricket Council (ICC), a global partnership that will help promote the company and its innovations to billions of cricket fans around the world. Overall growth and success for Nium is tied to strategic acquisitions, including the acquisition of travel B2B payments leader, Ixaris, which added comprehensive virtual card issuance capabilities to the Nium platform, as well as the acquisition of Wirecard Forex India Private Limited, which gives Nium greater reach into India's booming payments market. In the year ahead, Nium will rapidly expand its global payments infrastructure through strategic license acquisitions, new and innovative product development, and accelerated growth globally, as well as in key regions including the United States and Latin America.

Fintech 250 2021: Investment Highlights

• Unicorns: 118 of the 250 companies (47%) are valued at or above $1B as of their latest funding round
• Funding trends: In 2021 year-to-date (YTD), these 250 private companies have raised $40.3B in equity funding across 275 deals (as of 9/14/21)
• Mega-rounds: Since 2020, there have been 178 mega-round ($100M+) equity investments to this year’s Fintech 250, with 138 of them in 2021 YTD
• Global representation: 36% of the 2021 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (25), followed by India (12). This year’s winners are based in 26 countries, including France, Brazil, Germany, Indonesia, and Nigeria.
• Top VC investor: Ribbit Capital is the most active investor in this year’s Fintech 250 companies, having invested in 62 deals since 2016. Since 2019, Ribbit has participated in 41 deals with this cohort of companies, including to Nubank, Uala, Brex, Vouch, Razorpay, and BharatPe. Tiger Global Management and Accel were close behind with 57 and 55 deals, respectively.