The company, whose software helps businesses manage flows of money across borders, is in talks to make an acquisition worth up to USD 400 million to drive an expansion in the continent, its CEO told CNBC. The firm is reportedly in discussions to buy an enterprise-focused payments venture worth ‘anything between USD 20 million to USD 400 million’.
Out of its 1,000-person global workforce, Nium currently has about 150 employees based in Europe, and plans to hire an additional 100 over the next 12 months. The company is on track to generate around USD 150 million in annual global revenues in 2022, with between USD 80 million and USD 90 million of sales coming from Europe, according to Nium’s CEO.
The company recently reached a USD 2 billion valuation and has attracted investors that include Visa and Singapore’s state investment firm Temasek, CNBC concluded.
For more information about Nium, you can check its company profile from The Paypers’ company database here.
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