[Updated] SG's Nium raises $78m in Series D funding from Riverwood Capital, Vertex Growth, others

[Updated] SG's Nium raises $78m in Series D funding from Riverwood Capital, Vertex Growth, others

Nium co-founder and CEO Prajit Nanu. Photo: Nium

Singapore-based cross-border payments firm Nium has bagged about $78 million in Series D funding from Riverwood Capital Partners, Vertex Growth and other investors this month, according to regulatory filings.

The funding is part of the startup’s $80.35 million Series D round. Nium is issuing 93,402 Series D preference shares as part of the round at about $860.34 apiece, shows a recent filing with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

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