Singapore-based payments company Nium has postponed its U.S. initial public offering (IPO) by over a year, aiming for the end of 2026 instead of mid-2025. Co-founder and CEO Prajit Nanu explained the delay was due to the long search for a finance chief, but with new leadership in place, the company is now focusing on growing revenue and preparing for the IPO.
Nium, valued at $1.4 billion, increased its revenue by 50% last year, reaching $120 million. The firm is targeting further expansion, particularly in the UK and Latin America. Nium also raised $50 million from Brunei’s sovereign wealth fund in June and is planning acquisitions to strengthen its presence in real-time payments.