Additionally, while other companies conserved cash to stay afloat, Nium made several “important acquisitions” during the pandemic. This helped the company to expand its resources, capabilities and client base, allowing it to strengthen its business proposition.
While many companies struggle to cope with the immediate impact of the Covid-19 pandemic, Singapore-headquartered business-to-business (B2B) payments unicorn Nium continues to grow both organically and inorganically, as it manages to leverage on pandemic-driven digitalisation.
From a digitalisation standpoint, the height of the pandemic was a pivotal moment, pushing a society used to bricks-and-mortar stores towards the digital world, says Nium co-founder and chief operating officer Pratik Gandhi. “The corollary of this is that payments had to be made online. And whenever there was a cross-border element to it, that is where someone like us comes to play. It provides a huge fillip to us as well as the entire digital cross-border payments industry.”
