Fintech startup Nium completes $50 million financing, led by Southeast Asian sovereign wealth funds

Fintech startup Nium has raised $50 million in new funding from investors and plans to conduct its initial public offering within the next 18 months.

This round of funding was led by an undisclosed Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital.

The company has valued Nium at $1.4 billion, which is 30% lower than the $2 billion valuation it received during its last external venture capital fundraising in 2022.