Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.
Speaking with CNBC at Money2020 Europe, CEO Prajit Nanu said the company is still on target for a IPO and is targeting some time in the next 18 months.
The fintech funding winter is far from over but raising at 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 we are seeing more realistic valuations today.
Featured
> Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
By Ryan Browne
Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.
From Fintech Nexus
> LoanPro/Visa DPS integration provides unique credit personalization opportunities
By Tony Zerucha
LoanPro’s credit platform integration with Visa DPS helps brands tackle shrinking interchange fees while providing unique personalization.
Podcast
Anthony Sharett, President of Pathward, on how to do banking-as-a-service right
While the BaaS space is having a moment right now, there are some banks, like Pathward, that continue to serve their many…
Webinar
Innovations for Smarter and Quicker Lending Decisions
Jun 6, 12pm EDT
The borrower of 2024 is more demanding than ever before. They want instant loan approvals and a frictionless checkout process….
Also Making News
- USA: Is the CFPB reining in buy now, pay later loans too soon?
A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry’s growth, experts say.
To sponsor our newsletters and reach 180,000 fintech enthusiasts with your message, contact us here.
