Southeast Asia's Latest Unicorn Taps Travel for Growth and Entrée to U.S.
Skift Take
A $200 million funding round, coupled with new products from its recently acquired travel division, will see the Singapore startup Nium venture into the U.S.
Fintech startup Nium, which has just raised $200 million in new funding, is doubling down on expansion into the travel sector as it finalizes its acquisition of Ixaris.
Nium claims this latest investment means it becomes the first business-to-business payment unicorn — a company with a $1 billion-plus valuation — to emerge out of Southeast Asia. Nium specializes in cross-border payments, while Ixaris specializes in remittances for the travel industry, and counts online travel agents among its customers.
