Rocket Internet helped the cross-border payments platform, previously backed by Visa and Bank BRI, raise funding at a valuation topping $700m.
Singapore-based cross-border payment platform developer Nium has received $78m in a series D round featuring e-commerce holding group Rocket Internet, DealStreetAsia reported today, citing a regulatory filing.
The round was also backed by Vertex Growth, a subsidiary of Singaporean state-owned firm Temasek, as well as Riverwood Capital Partners, Global Founders Capital and Rajaram Family Trust. It valued the company at $703m, a more than threefold increase from its previous valuation, according to DealStreetAsia.
Founded in 2015 as Instarem, Nium provides…
