Manuel Sandhofer, Charlotte Crosswell and Prajit Nanu/Nium
Payments fintech Nium opens European HQ in London
Nium is now generating 40 per cent of its revenues from Europe, nine years after launching in Singapore
Singaporean payments fintech unicorn Nium has launched its European headquarters in London.
The company, which offers cross-border payments was founded in 2014. It is now generating 40 per cent of its revenues from Europe after a surge in demand in recent years.
Its customers include the likes of Rippling, Payoneer, Currencycloud and eDreams.
The new European HQ, located in London’s Square Mile financial district, will act as a ‘strategic base’ to oversee offices in Amsterdam, and Malta as well as local operations in Germany, France, and Israel.
It follows the hire of its first regional SVP & general manager, Manuel Sandhofer who joined from Payoneer, and the acquisition of travel payments company Ixaris.
“London is our home away from home,” said Prajit Nanu, Founder and CEO at Nium.
“Establishing our European headquarters within the Square Mile gives Nium invaluable access to a thriving financial services ecosystem that we want to help support and scale."
"After experiencing growth across APAC and the US, Europe is now our fastest-growing market. This means we are well positioned to help businesses here unlock opportunities beyond borders, especially those with a focus on emerging markets.”