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Nium, a real-time funds infrastructure firm, has closed its $50 million Sequence E at a $1.4 billion valuation. That’s 30% beneath the valuation from its final funding spherical in 2022.
Talking with CNBC at Money2020 Europe, CEO Prajit Nanu stated the corporate remains to be on track for a IPO and is concentrating on a while within the subsequent 18 months.
The fintech funding winter is much from over however elevating at a 30% diminished valuation from the heady days of 2022 is kind of respectable.
Fintech infrastructure continues to be a well-liked vertical for enterprise capital {dollars} however we’re seeing extra practical valuations at the moment.
Featured
> Fintech agency Nium cuts valuation by 30% in new funding spherical, eyes 2025 IPO
By Ryan Browne
Regardless of the decrease valuation, Nium is assured it will probably go public within the subsequent 18 months and is eyeing late 2025 for its inventory market debut.
From Fintech Nexus
> LoanPro/Visa DPS integration offers distinctive credit score personalization alternatives
By Tony Zerucha
LoanPro’s credit score platform integration with Visa DPS helps manufacturers deal with shrinking interchange charges whereas offering distinctive personalization.
Podcast
Anthony Sharett, President of Pathward, on find out how to do banking-as-a-service proper
Whereas the BaaS house is having a second proper now, there are some banks, like Pathward, that proceed to serve their many…
Webinar
Improvements for Smarter and Faster Lending Selections
Jun 6, 12pm EDT
The borrower of 2024 is extra demanding than ever earlier than. They need prompt mortgage approvals and a frictionless checkout course of….
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