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Unattributed VC | Alive

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Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

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About NIUM

NIUM provides payment services. It offers solutions such as cross-border payments and remittances. Its platform offers services to banks, payment providers, and businesses. NIUM was formerly known as InstaReM. The company was founded in 2014 and is based in Singapore.

Headquarters Location

168 Robinsons Road Capital Tower, #18-03



+65 3158 0618


NIUM's Product Videos

ESPs containing NIUM

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Financial Services / Payments Tech

The cross-border payments infrastructure & enablement market enables businesses to send and accept global payments on their own websites and payment platforms. The companies in this space generally offer APIs that allow businesses to accept and process payments across currencies and platforms (such as mobile), make payouts, verify user identities, issue credit cards, and more. Some companies also …

NIUM named as Challenger among 15 other companies, including CurrencyCloud, Circle, and FIS.

NIUM's Products & Differentiators


    The most advanced means to send money around the world and deliver to bank accounts/proxy methods, cards, e-wallets. Pay employees or build functionality that delights customers from anywhere in the world – all with a single API based solution. With access to 190+ countries, and over 100 currencies Nium’s scale allows limitless growth.


Expert Collections containing NIUM

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

NIUM is included in 9 Expert Collections, including Unicorns- Billion Dollar Startups.


Unicorns- Billion Dollar Startups

1,229 items


SMB Fintech

1,648 items



2,821 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.



12,502 items

Excludes US-based companies


Fintech 100

849 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.


Digital Banking

108 items

Latest NIUM News

Instarem Relaunches Overseas Payments Services in India, Empowering Users with a Convenient and Affordable Solution for International Education Payments

Nov 2, 2023

Instarem Relaunches Overseas Payments Services in India, Empowering Users with a Convenient and Affordable Solution for International Education Payments Instarem Share: MUMBAI, India, Nov. 2, 2023 /PRNewswire/ -- Instarem , a leader in cross-border payment solutions, introduces the return of its digital remittance services in India. This strategic re-entry into the Indian market aims to deliver an unparalleled remittance experience, with a primary focus on catering to the unique requirements of students and individuals seeking convenient and affordable overseas education payments. Instarem has been serving customers in India since 2018. However, due to a directive of the Reserve Bank of India to SBM Bank, it paused its operations temporarily in early 2023, along with many other remittance providers in the region. The Instarem brand, returning to India, is powered by Nium-Forex, an established, regulated provider of financial products and services in India. Driven by a mission and commitment to make Money Simple for its users, the new solution offered by Instarem (powered by Nium-Forex) focuses on removing the pain points faced by individuals and students in particular, who are trying to find a hassle-free and cost-effective way to finance their education overseas. A major hurdle that many individuals face with remittances for education, is funding a German blocked account or Canadian GIC account (a necessity if you wish to study in these countries), which is a service provided by only a handful of banks. Instarem (powered by Nium-Forex) is the first remittance provider that streamlines this process by enabling users to directly deposit funds into these accounts, removing unnecessary obstacles. Furthermore, banks frequently impose transaction limits that can restrict users. The new solution liberates its users from these limitations, enabling them to make large payments of up to 1,90,00,000 Rupees annually, without the necessity of splitting the payment into numerous transactions. This not only simplifies the process, but also makes it more economical for their customers. In its relaunch, Instarem (powered by Nium-Forex) revolutionises convenience by providing an entirely digital experience. Users can securely and conveniently send funds from the comfort of their own space, eliminating the need to make time-consuming trips to physical locations. This means no more frustrating hours spent in traffic or queuing up at banks or remittance centers, making the entire experience smoother, more efficient, and hassle-free. With its upgraded service, Instarem (powered by Nium-Forex) continues to maintain its commitment to providing competitive exchange rates, guaranteeing that users benefit from superior value when compared to traditional banks. The outcome is a smooth and economical remittance solution that places the convenience and peace of mind of its users as the top priority. Discussing the relaunch, Yogesh Sangle, Global Head of Instarem, said, "We're thrilled to bring back our remittance services in India, powered by Nium-Forex. We understand that sending money abroad from India can be tough, and it's our unwavering commitment, in line with our mission to make Money Simple, to ensure it becomes easy for our customers. Our relaunch reaffirms our strong dedication to serving the needs of our Indian users, giving them a straightforward, cost-effective and exceptionally efficient way to send money internationally and invest in their education." To celebrate its relaunch, Instarem is extending a special offer of 500 Rupees off, to customers making their first transaction and is also holding a contest on their social media channels, giving away Cricket World Cup tickets to matches that will be held in India in October and November. About Instarem: Instarem is a global digital cross-border payments platform that enables individuals and businesses to send, spend, and receive money internationally. With a mission to simplify the complexities of cross-border transactions, Instarem provides innovative solutions that empower SMEs and individuals to transcend traditional financial boundaries. Instarem is a brand operated by Nium Pte. Ltd. and its subsidiaries globally. About Nium Forex N ium Forex  is a regulated provider of financial products and services, as an AD-II licensee (Authorised Dealer in Foreign Exchange – Category II). It is a subsidiary of Nium Pte. Ltd., and part of the Nium Group - a leading global payments company and the first B2B payments unicorn in South-East Asia. With Nium Forex you can buy and sell foreign currency, get prepaid forex cards, and transfer money to 60+ countries easily and securely. For more information about Instarem, please visit . Source: Instarem

NIUM Frequently Asked Questions (FAQ)

  • When was NIUM founded?

    NIUM was founded in 2014.

  • What is NIUM's latest funding round?

    NIUM's latest funding round is Unattributed VC.

  • How much did NIUM raise?

    NIUM raised a total of $264.1M.

  • Who are the investors of NIUM?

    Investors of NIUM include Tribe Capital, NewView Capital, Bond, Moore Capital Management, Global Founders Capital and 23 more.

  • Who are NIUM's competitors?

    Competitors of NIUM include Railsr, SUNRATE, Thunes, Terrapay, Buckzy and 7 more.

  • What products does NIUM offer?

    NIUM's products include Payout and 2 more.

  • Who are NIUM's customers?

    Customers of NIUM include Kasikorn Bank, Deel and eTraveli Group.


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Rapyd offers a global payment processing platform. It provides services like payments, checkout, funds collection, fund disbursements, and more. It offers solutions for e-commerce companies, marketplaces, trading platforms, and more. It was formerly known as CashDash. The company was founded in 2016 and is based in London, United Kingdom.

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