Like larger US peer Stripe Inc., Nium helps companies handle cross-border payments. The company, whose backers include Singapore sovereign wealth fund GIC Pte, increased revenue by about 50% last year to US$120 million and is now focusing on expanding in regions including the UK and Latin America, Nanu said.
Singapore payments company Nium Pte is pushing back its plans for an initial public offering in the US by more than a year, focusing on shoring up its team and growing revenue.
Nium, now valued at US$1.4 billion ($1.83 billion), will be ready to go public by the end of 2026, co-founder and Chief Executive Officer Prajit Nanu said in an interview. It had previously targeted the second quarter of 2025. Nanu attributed the delay to a long search for a finance chief, saying a new leadership now in place will allow it to focus on IPO preparation.
