Visa has participated in a series D for Nium, the international remittance service formerly known as Instarem, with earlier reports suggesting a $75m to $100m round size.
Singapore-based cross-border payment platform Nium today closed a series D round backed by payment processing firm Visa and financial services firm Bank BRI of Indonesia.
A range of unnamed existing investors also took part. Bank BRI participated through its corporate venturing arm, BRI Ventures.
Although the round’s size was not confirmed, reports late last year suggested the company was seeking between $75m and $100m.
Founded in 2015 as Instarem, Nium has built a cross-border remittance service aimed at enterprise…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
