Fintech unicorn opens new London office to accelerate European expansion

Real-time global payments specialist Nium has opened a new European headquarters in London to accelerate business expansion across Europe and affirm its commitment to the UK as a leading fintech hub.

Founded in Singapore in 2014, Nium is disrupting the way businesses move money around the world and is powering some of the largest financial institutions, travel companies and digital platforms across the globe, including Rippling, Payoneer, Currencycloud and eDreams.

Over the last three years, the company has been sustainably investing in the growth of its business in Europe through M&A, talent acquisition, and product innovation. In 2021, it acquired travel payments company Ixaris and recently hired ex-Payoneer SVP Manuel Sandhofer as General Manager to run and expand regional operations.

Now, the global payments leader has opened its new European headquarters in London to reflect its strong market position and increasing demand for its real-time payment services. The office will also provide a strategic base for Nium to continue to serve its customers and coordinate its presence across Europe.

Today, Nium has European offices in London, Amsterdam, and Malta with local operations in Germany, France, and Israel. In 2022, its European business contributed to more than 40 per cent of the firm’s global revenue.

Prajit Nanu, founder and CEO at Nium, commented: “London is our home away from home. Establishing our European headquarters within the Square Mile gives Nium invaluable access to a thriving financial services ecosystem that we want to help support and scale.

“After experiencing growth across APAC and the US, Europe is now our fastest-growing market. This means we are well positioned to help businesses here unlock opportunities beyond borders, especially those with a focus on emerging markets.”

Manuel Sandhofer, SVP & general manager at Europe, added: “Nium has been present in the UK for several years now. With the support of local regulators, industry bodies, and our talented team members, we have built a strong foundation of products, customers, and licences.

“Our new regional headquarters represents our commitment to the UK as the cornerstone of Nium’s long-term growth plans in Europe.”

Nium hopes the move will encourage further international investment into the UK. It celebrated the milestone by bringing together banks, venture capital firms, payment schemes and fintechs at the new headquarters on the evening of 21 September.

By Matthew Neville – Senior Correspondent, Bdaily

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