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 mentioned the corporate continues 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% lowered valuation from the heady days of 2022 is kind of respectable.
Fintech infrastructure continues to be a preferred vertical for enterprise capital {dollars} however we’re seeing extra practical valuations at this time.
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> 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 might probably go public within the subsequent 18 months and is eyeing late 2025 for its inventory market debut.
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