Nium Raises Over $200M Series D for BaaS Payment Infrastructure
On July 27, 2021, Nium announced the closing of its Series D funding round, raising over $200 million. The round was led by Riverwood Capital, with significant participation from Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, and Rocket Capital Investment. Notable angel investors included Gokul Rajaram (DoorDash), Vicky Bindra (FIS), and Arjun Sethi (Tribe Capital).
Nium provides banking-as-a-service capabilities through its payment infrastructure API, enabling payouts, pay-ins, card issuance, and embedded financial services. The company's platform operates across over 100 countries, supports 60 currencies, and offers card issuance in 40 countries, backed by licenses in 11 jurisdictions. The investment positions Nium to accelerate its global expansion and strengthen its BaaS offering for enterprise clients and fintechs seeking embedded payment and banking capabilities.
- Validates strong investor appetite for BaaS infrastructure providers with global reach and multi-jurisdictional licensing
- Visa's participation as a strategic investor signals deepening ties between traditional payment networks and BaaS platforms
- Positions Nium to compete aggressively in the global embedded finance space against rivals like Marqeta and Railsr