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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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).
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
