Full-Time
Posted on 6/28/2024
Global fintech for real-time payment solutions
$112k - $154kAnnually
Junior
San Francisco, CA, USA
Hybrid position requiring 3 days per week in the office.
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 by focusing on real-time global money movement and allowing easy integration through its proprietary API. The company's goal is to facilitate efficient financial transactions for businesses across borders.
Company Size
1,001-5,000
Company Stage
Series E
Total Funding
$305.4M
Headquarters
San Francisco, California
Founded
2016
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Health Insurance
Hybrid Work Options
Paid Vacation
Performance Bonus
Stock Options
Professional Development Budget
Mental Health Support
Nium, the leading global infrastructure for real-time cross-border payments, has today announced a strategic partnership with G2 Travel.
Nium, the leading global infrastructure for real-time cross-border payments, has today announced a strategic partnership with G2 Travel.The wholesale tour operator will use Nium’s virtual card payment solution to pay hotel partners globally. The partnership adds more local currencies to G2 Travel’s offering and makes supplier payments faster, more efficient, and more secure.The hospitality industry has long faced challenges with payment failures and fraud risks. Nium’s virtual card solution addresses these issues by offering G2 hotel partners faster settlements, automated reconciliation, and broader acceptance — enhancing both security and payments efficiency.Through this partnership, G2 Travel will leverage Nium’s ability to issue Visa and Mastercard-accepted virtual cards globally, with access to over 20 local currencies. The collaboration already supports multiple live currencies, with more to follow.G2 Travel will use Nium-issued virtual cards to pay a vast network of directly-contracted hotels Nium’s real-time funding and issuing capabilities help to streamline bulk reservations, improving hotels’ cash flow and unlocking working capital.“We chose Nium for their unmatched global reach and currency coverage, making them the ideal partner for powering worldwide hotel payments. With Nium, we have the scale we need to tap into high-growth markets and meet rising demand for quicker, more secure, and reliable payments across the travel ecosystem, now and in the future,” said David Littlefair, Founder at G2 Travel.“By combining our travel payments expertise with G2’s global distribution network, we’re helping hotels get paid faster, reduce fraud, and improve cash flow — so they can focus on creating exceptional guest experiences. We’re excited to see this partnership grow as we expand into new markets and solutions, delivering the benefits of virtual cards to more travel intermediaries and accommodation providers around the world,” said Max Lehmann, SVP Head of Enterprise & Travel, Europe at Nium.Looking ahead, G2 Travel plans to expand its global payment capabilities with Nium, adding more virtual card currencies and further enhancing its group business offerings
Nium, the leading global infrastructure for real-time cross-border payments, today announced the expansion of its real-time payout capabilities into Australia.
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.