B2B fintech unicorn Nium's SOCASH acquisition valued at $12.5m

Photo: Nium's Facebook.

B2B fintech unicorn Nium’s deal to acquire Singapore-based fintech startup SOCASH, announced in April this year, was valued at $12.5 million, show regulatory filings accessed by DealStreetAsia. The deal provides an indirect exit to SOCASH investors, who will get to own Nium shares.

Nium allotted 7,440 ordinary shares worth a combined $12.5 million to a special purpose vehicle (SPV) owned by SOCASH shareholders, filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) show.

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