According to Odaily Planet Daily, financial technology startup Nium announced that it has completed $50 million in new financing and plans to IPO in the next 18 months. This round of financing was led by an undisclosed Southeast Asian sovereign wealth fund and supported by venture capital institutions BOND, NewView Capital and Tribe Capital. In this financing, Nium's valuation was set at $1.4 billion, 30% lower than its valuation of $2 billion when it raised funds in 2022.
