Fintech Nium eyes more M&A deals on path to IPO

While its focus has been on going global, homegrown company could also be looking at deals on its home turf

Sharanya Pillai

Published Mon, Apr 4, 2022 · 05:50 AM

NIUM

Singapore

HOMEGROWN fintech Nium last year bought 2 companies - UK travel payments specialist Ixaris, for £15 million (S$26.69 million) in cash, and an Indian unit of fraud-hit Wirecard for an undisclosed sum. And it may not be done shopping.

The company, which recently doubled its valuation to US$2 billion, is looking at 3 to 4 potential deals at any one time, co-founder and chief operating officer Pratik Gandhi told The Business Times (BT). Latin America is especially of interest for Nium, amid its plans for a US initial public offering (IPO).