Nium, a real-time funds infrastructure firm, has closed its $50 million Sequence E at a $1.4 billion valuation. That’s 30% under the valuation from its final funding spherical in 2022.
Talking with CNBC at Money2020 Europe, CEO Prajit Nanu mentioned the corporate remains to be heading in the right direction 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 sort of respectable.
Fintech infrastructure continues to be a preferred vertical for enterprise capital {dollars} however we’re seeing extra sensible valuations as we speak.
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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 will probably go public within the subsequent 18 months and is eyeing late 2025 for its inventory market debut.
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LoanPro’s credit score platform integration with Visa DPS helps manufacturers deal with shrinking interchange charges whereas offering distinctive personalization.
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