Temasek-backed Nium to expand in US ahead of potential listing

Singapore

FINTECH company Nium is looking to build its presence in the US as it eyes a public listing in New York in the next 18 to 24 months.

This comes after the Singapore-based company, formerly known as InstaReM, saw its revenue more than double to S$22 million last year following an aggressive expansion from consumer remittance to the lucrative business-to-business (B2B) segment.