NIUM PTE. LTD.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Nium, formerly known as InstaRem is a Singapore-headquartered fintech provider of digital cross-border money transfers. Founded in 2014, the Company has developed a platform, which helps to reduce the costs of cross-border money transfers to over 90 countries and in over 60 curencies.
What is our funding objective?
FMO has initially invested in the Company in 2017, topping up its commitment in 2018, via the SBI Emerging Asia Financial Sector Fund, to help finance the Company’s growth. In 2020 FMO transferred its stake, becoming a direct shareholder in Nium.
Why do we fund this investment?
Nium’s platform reduces the costs of international transfers of remittances and business transactions, hence enabling enterprises and individuals to retain a larger share of their transfers.
What is the Environmental and Social categorization rationale?
Nium operates in the financial sector and poses a low, category C, E&S risk.
- Country
- Global
- Sector
- Financial Institutions
- Effective date
- 5/11/2020
- Total FMO financing
- USD 2.98 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C