Nium expands across Australia and New Zealand, driven by increased adoption from financial institutions and spend management platforms

Nium, the global leader in real-time cross-border payments, today announced that its monthly payment volume grew by 3X in Oceania, over the last year.

This growth has been driven by a surge in adoption from financial institutions and spend management platforms, joining spend management category leaders Weel and Budgetly, who have turned to Nium for white-label card issuing and cross-border payouts.

"Partnering with Nium has been a game-changer for Budgetly. Through Nium, we recently launched our international bill payment solution, offering our customers the ability to make payments effortlessly via one portal. This partnership has allowed us to scale rapidly and offer seamless experiences for our customers."

— Simon Lenoir, CEO and Founding Director at Budgetly

Budgetly has been a Nium customer since 2020. The company tapped Nium to provide more convenience and control to its SME clientele through the provision of pre-paid cards for expense management processes.

"The spend management industry is booming in Australia, with businesses increasingly turning to Nium for its white-label card issuing and cross-border payment solutions. Our platform solves complex payment problems across a wide range of verticals, including travel, payroll, insurance, and e-commerce. Our card issuance solution has already issued over 75 million cards globally, supporting major global brands. This, along with Nium's extensive geographical coverage and B2B infrastructure focus, positions the company as a critical enabler for businesses looking to scale in Australia, New Zealand, and beyond."

— Anupam Pahuja, EVP and GM for APAC, Middle East, and Africa at Nium

In addition to its success in Australia, Nium recently achieved another critical milestone by registering as a Financial Service Provider in New Zealand. This pivotal step marks the company's entry into the dynamic financial landscape of New Zealand, allowing it to extend its comprehensive suite of financial solutions to local businesses.

Nium expects that its offerings will range from virtual accounts and global payouts to debit and virtual prepaid cards, enabling businesses to streamline operations and improve their financial efficiency.

"Becoming a registered Financial Service Provider in New Zealand reaffirms our commitment to delivering innovative financial solutions globally. Our presence in New Zealand, alongside our established operations in Australia, positions us as a key player in the region's financial ecosystem, empowering businesses to thrive through our technology.”

— Anupam Pahuja, EVP and GM for APAC, Middle East, and Africa at Nium (cont’d)

Since its founding ten years ago, Nium has raised over $300 million USD (up to Series E). In October 2023, Nium celebrated its Centaur status, reaching $100 million USD in aggregate net revenue — a milestone achieved by only 1% of startups globally. This achievement underscores Niums rapid growth and leadership in enabling seamless global financial services for businesses.

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About Nium

Nium, the global leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.

About Budgetly

Budgetly is a leader in spend management solutions for Australian businesses. Our next-gen tech with top-tier security integrates budget setting with spending rules, expense management, bill payments, and reporting for better efficiency and control.