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Ripple Client Nium Rakes in $200 Million from Investors, Becomes “Unicorn”

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Tue, 07/27/2021 - 11:57
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Yuri Molchan
Ripple customer Nium raises over $200 million and becomes unicorn company, evaluated over $1 billion
Ripple Client Nium Rakes in $200 Million from Investors, Becomes “Unicorn”
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Singapore-based B2B payments platform and customer of the Ripple distributed ledger tech provider, Nium, has announced the end of the funding round in which it managed to rake in more than $200 million, Reuters has reported.

This has allowed the company's value to surpass $1 billion and made it a "unicorn." Nium plans to spend the newly gained funds to further expand in the U.S. and Latin America, according to a company rep.

Nium has been operating in the fintech market since 2014. It provides businesses with tech for emitting their own payment cards and deals with banking and cross-border payments.

Related
Ripple Clients Nium and Fidor Bank Partner with Visa and PayDo App to Set Up Better Payment Systems

Earlier this year, another Ripple client (and ODL partner of Ripple) became a unicorn—Mexico-based crypto exchange Bitso. Last year, another Ripple customer, Australia-based Airwallex payments company, also grew to become a unicorn.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.