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

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).