Singapore Fintech Startup Nium Tops $1 Billion Valuation (1)

Singapore’s Nium Pte, a payments startup serving businesses, became a rare fintech unicorn in the city-state after raising more than $200 million in fresh funding.

The company said Tuesday its value topped $1 billion after a Series D round led by Menlo Park, California-based Riverwood Capital LLC. Other backers included Temasek Holdings Pte, Visa Inc., Vertex Ventures, Beacon Venture Capital and Rocket Capital. Singapore’s sovereign wealth fund GIC Pte also joined the round, according to a person familiar with the matter who asked not to be named.

Prajit Nanu

Source: Nium Pte

Nium plans to use the funds to ...