Real-time global payments firm Nium has on Monday announced the opening of its new headquarters in Singapore.

Nium said in a statement that the facility, located strategically at Capital Tower in the heart of Singapore’s Central Business District, has been purpose-built for modern work, featuring collaborative workspaces and employee-centric amenities.

It said the new headquarters is Nium’s strategic hub for serving clients across Asia Pacific, the Middle East, and Africa.

According to the statement, the new headquarters will be overseen by its Co-Founder and Chief Operating Officer Gandhi and Anupam Pahuja, who joined Nium recently as its Executive Vice President and General Manager for Asia Pacific, Africa and the Middle East.

It said his experience scaling global companies, including PayPal, will help continue Nium’s strong momentum after a year in which it grew net revenue globally by more than 2.5 times from 2021 to 2022.

With this new opening, Nium is reaffirming its commitment to building in Singapore and is introducing initiatives to serve the regional fintech community at large.

It will partner with the public and private sector to establish a center of excellence in Singapore for the hiring, training, mentoring, and developing of “BizTech” talent – a new job category that serves to recognize the growing importance of both technical proficiency and business acumen.

Secondly, Nium is expanding Bolt, its global fintech accelerator.

Bolt provides startup founders with access to facilities, funding, mentoring, and technology to establish and grow their business ideas in the fintech space.

The program, founded in Singapore, will be extended to San Francisco, California, and will serve Singaporean companies looking to establish a foothold in the United States of America.

“This headquarters will be home to our growing regional team and the door will always remain open for entrepreneurs looking to solve the next set of global challenges with innovation,” said Prajit Nanu, Co-Founder and Chief Executive Officer at Nium.

According to the statement, Nium’s selection of Singapore for its headquarters is a resounding testament to the flourishing fintech landscape within the country.

With its supportive economic policies, access to top talent, and strategic location, it opined that Singapore provides the perfect launchpad for Nium’s innovative solutions.

“Singapore will serve as Nium’s BizTech Center of Excellence, which aims to nurture world-class talent who can marry technical expertise with business acumen, to serve customer needs across these diverse regions,

“This is a good example of a ‘glocal approach’ – global-ready products that can be customised and suited to local markets’ needs,” said Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat.

According to him, Singapore’s strong ecosystem, coupled with its strong linkages in the region and beyond, can serve as an ideal base to do this.

“For ecosystems to remain vibrant, it must be nurtured and sustained by all players,” he added.

Enterprise Singapore Managing Director and Chief Operating Officer Jeffrey Siow said the opening of Nium’s new headquarters in Singapore is a testament of their continued commitment to Singapore.

“We look forward to continue partnering with Nium as they scale up and extend their reach globally,” he added.

Nium’s payout network supports 100 currencies and spans 190+ countries, 100 of which are in real-time.

Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets.

Nium’s growing card issuance business is already available in 34 countries.

Nium holds regulatory licenses and authorizations in more than 40 countries.

The company is co-headquartered in San Francisco and Singapore, with regional offices in over 20+ major cities.

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