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October 28, 2020

Singaporean fintech platform Nium expands services into Africa

Singapore-based fintech platform Nium has forayed into Africa as part of its aim to drive growth and partnerships.

The Africa business will be spearheaded by Nium’s newly appointed SVP for global growth, customer success and partnerships Dana Nino.

Nium MENA VP of partnerships and growth Clara Odero will also support the expansion.

Nino said: “In a short span of five years, Nium has established itself as a respected leader in fintech innovation globally, and I am excited to be working with such an incredibly talented and driven team to accelerate the delivery of innovative and scalable solutions, breaking new boundaries in the cross-border payments space.”

Odero added: “I truly believe in Nium’s commitment to offering customers access to more markets around the world and providing innovative services that make our customers’ lives easier.”

Nium currently allows consumers and businesses to send, spend, and receive funds in more than 100 countries, including 65 in real-time.

Nium co-founder and CEO Prajit Nanu said: “Africa has long been an untapped region for Nium.

“This expansion, along with two new additions to our global team, represents an important milestone for us as we continue to drive global growth and partnerships.

“Dana comes with broad and deep experience in all aspects of the payment ecosystem for both pay-ins and pay-outs, cross-border, FX strategies, B2B, B2C, P2P, and C2B.

“With her transformative leadership and Clara’s market-driven approach in the sourcing and development of strategic, trusted partnerships, we look forward to having the new team members on board to deliver greater value to the company, our partners and customers.”

Earlier this month, Nium forged a partnership with South Korea’s digital remittance provider E9pay to offer enhanced remittances to customers.

Last month, Nium secured its e-money licence in the UK from the Financial Conduct Authority (FCA).

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