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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Series E
Total Funding
$305.4M
Headquarters
San Francisco, California
Founded
2016
Nium provides a platform for real-time payments, enabling businesses to send and receive funds instantly and manage foreign exchange transactions. Its services target banks, fintech companies, and money service businesses, offering competitive rates and solutions for corporate purchasing and travel payments. Nium differentiates itself with a proprietary API that allows easy integration of its services into clients' systems. The company's goal is to facilitate seamless global money movement, helping businesses operate more efficiently across borders.
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Total Funding
$305.4M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Health Insurance
Hybrid Work Options
Paid Vacation
Performance Bonus
Stock Options
Professional Development Budget
Mental Health Support
For decades, wholesale cross-border payments have meant snail-paced bank wires, money squirreled away across sprawling correspondent banking networks, and the accumulation of enough fees that Scrooge McDuck could swim in them. This has long made cross-border payments a headache for corporate treasurers and finance teams, especially those overseeing multinational operations. The correspondent banking backbone of cross-border payments relies on a sequence of bank balance sheet updates, each requiring manual compliance checks for things like anti-money laundering (AML) and know-your-customer (KYC) regulations. The result is a process plagued by duplication, delays and costs. It’s also one that the world’s central banks and financial institutions are working to solve, in many instances by experimenting with blockchain and tokenization
Nium has recently entered into a partnership with Diners Club, a prominent name under Discover Global Network, to unveil an innovative card designed specifically for travelers.
Here's our roundup of the people, product and partner news from the global travel industry this week.Hospitable conference and coachingIn a move to reshape how short-term rental (STR) hosts learn and scale, Hospitable has announced two free initiatives to connect hosts directly with those who understand their day-to-day challenges: fellow STR owners and property managers.Later this month, the vacation rental management platform will present “Host to Host: A Short-Term Rental Mastermind”, a two-day, virtual conference where only hosts take the stage. The event offers attendees an unfiltered look at the successes, setbacks and strategies of hosts who have built successful businesses across platforms such as Airbnb, Booking.com, Vrbo, Agoda and direct booking channels. Get a dose of digital travel in your inbox each day
Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of the Diners Club International(R) Card for its travel customers.
Nium now provides card solutions across the four major schemes, delivering flexibility at scale for its travel customers and partners around the worldLONDON, Jan. 9, 2025 /PRNewswire/ -- Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of the Diners Club International® Card for its travel customers. This milestone makes Nium one of the first global card issuers in the travel space to offer cards across the four major schemes.Nium empowers some of the world's largest online travel intermediaries to instantly, securely, and cost-effectively pay airlines and travel suppliers around the world using its B2B virtual card solution. Now, the introduction of the Diners Club International Card provides Nium travel customers with even greater payment flexibility, acceptance, and choice, reinforcing Nium's position as a scheme-agnostic innovator in the travel payments industry."Expanding our payments offering with Diners Club International underscores Nium's commitment to delivering innovative and flexible solutions that meet the evolving needs of the travel ecosystem," said Mark Anthony Spiteri, SVP & Global Head of Card Business at Nium. "Building on our real-time cross-border payments network spanning over 220 markets, our ability to issue virtual cards across four of the world's leading payment schemes – Visa, Mastercard, UATP, and now Discover – gives our customers unparalleled global access, so they can scale their businesses seamlessly across borders and industries."Diners Club International, which is a part of Discover® Global Network, provides travel corporations and business owners with a range of payment and expense management solutions. Diners Club Card holders benefit from acceptance at more than 55 million global merchant locations1 and over 1.2 million ATMs, as well as access to over 1,500 airport lounges and experiences worldwide."The premium proposition offered by Diners Club International is perfectly aligned with Nium's ambition to deliver best-in-class payment solutions to its travel intermediary, airline, and global partners
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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Series E
Total Funding
$305.4M
Headquarters
San Francisco, California
Founded
2016
Find jobs on Simplify and start your career today