Fintech PR
Nium announces 2022 net revenue grew 2.7x YoY to US$82M
The company’s 2022 annual audit shows impressive growth with a focus on regional expansion, becoming first fintech startup from Singapore to have over 20 offices globally
SAN FRANCISCO and SINGAPORE, July 31, 2023 /PRNewswire/ — Nium, the leader in real-time global payments, has published its 2022 audit, showing US$82M in net revenue which grew 2.7x YoY and ended at more than $100M net revenue run rate. Nium is Singapore’s first global fintech focused on payments to reach this revenue milestone. In 2022, the company focused its development on serving high-growth client use cases, in industries such as travel, payroll, spend management, and financial services. This strategy has allowed for the business to accelerate its growth agenda, including global expansion, organic product innovation, continued hiring of top talent, and M&A activity.
“Moving money across borders is broken,” said Prajit Nanu, Founder and CEO at Nium. “Legacy banks and payment processors have failed to give businesses the solutions they need to expand globally. Nium fills this gap and has emerged as the new global business standard for real-time, cross-border money movement. We are thrilled to see such success last year and are extremely bullish on not only the scale we’ve already seen this year, but what we’ll see by the end of 2023.”
Nium has hundreds of clients across multiple industries including financial institutions, payroll, spend management, and travel. Financial institutions were a priority last year as Nium focused on helping them target new markets with instant bank payouts and expand to emerging markets. Nium powers among the largest brands and platforms in the globe, including Rippling, Payoneer, Amadeus, Aspire, MasterCard and eDreams.
Nium’s issuing product also saw substantial success, with over 30M cards issued just last year. Nium helps navigate this rapidly changing landscape, by allowing travel intermediaries and operators to efficiently pay travel suppliers around the world, optimizing every transaction for maximum profitability. On the product side, the company launched Nium Airline Payments, a closed-loop payments solution powered by Universal Air Travel Plan, which provides airlines, travel agents, and online travel agencies with a sustainable and equitable ‘closed loop’ payment model.
Last year saw exponential growth on Nium’s leadership team, including the hires of CPO, Robin Gandhi; GC, Dylan Lowrey; and CTO, Ramana Satyavarapu. With hiring at the forefront, the Nium team was awarded the Great Places to Work certification in India, Malta, Singapore, and the US. Nium also expanded into new markets, including Malaysia and Japan. Due to this expansion of the company and team, Nium saw a slightly higher burn rate than in 2021.
Over the past year Nium raised additional capital at a $2.0bn valuation, adding new investors such as BOND, NewView Capital, Moore Capital and Tribe Capital. The business is very well capitalized and continues to invest in product innovation, new markets and M&A opportunities. “Our investors believe in our mission of building the payments infrastructure for on-demand money and our funding has helped us accelerate our growth aspirations. We’re thrilled to have the support of these notable investors and continue to look forward to working closely together to advance our business.” said Nanu.
Nium plays in the foundational payment infrastructure market that has proven to be one of the few thriving markets during these challenging times. The company’s extensive global reach, broad license portfolio, real-time payments network, enhanced payroll solution, and a team of industry leaders have been the pillars of its success. In 2023, Nium has been focused on regional expansion. The company’s recent hires of Volker Steinle to lead Americas business development, Anupam Pahuja to lead Asia Pacific and Middle East business development, and Manuel Sandhofer to lead Europe business development are examples of that investment. This expertise, coupled with new licenses pending regulatory approval, has set Nium up for success in emerging markets including LATAM and Africa. The company has also recently opened new offices in San Francisco, Amsterdam, India, and Singapore.
About Nium
Nium, the leader in real-time global payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the on-demand 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 190+ countries, 100 of which 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, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.
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Fintech PR
Brewing Connections and Spotlighting Café Culture: MIFB 2025 Hosts MNCC in Collaboration with MSCA
KUALA LUMPUR, Malaysia, Jan. 6, 2025 /PRNewswire/ — The Malaysian International Food and Beverage Trade Fair (MIFB) proudly announces its partnership with the Malaysia Specialty Coffee Association (MSCA) to host the Malaysia National Coffee Championship (MNCC) from 2025 to 2027. This collaboration highlights MIFB’s commitment to fostering the country’s café culture while introducing the Malaysia Café Expo, a dedicated platform for coffee and tea innovations.
Aligned with the theme Future-Ready F&B: Serving the Evolution of Trends, MIFB 2025 focuses on specialty coffee, Ready-To-Eat (RTE) and Ready-To-Cook (RTC) products, and digital advancements in the F&B industry. Scheduled for 30 July–1 August 2025 at the Kuala Lumpur Convention Centre, the event will feature local and international exhibitors, alongside the semi-finals and finals of the MNCC. This prestigious competition celebrates Malaysia’s specialty coffee talent, bringing baristas, brewers, and coffee tasters to the forefront.
Kelvin Ngow, President of MSCA, remarked, “Our café culture has undergone a robust evolution, driven by a new generation of coffee enthusiasts. Through the MNCC and our partnership with MIFB, we aim to elevate local talent and showcase Malaysia as a global coffee player.“
The café sector’s growth reflects Malaysia’s ability to blend global trends with local flavours. Brands like Boncafe and Da Di Coffee exemplify this harmony, combining specialty coffee with the traditional kopi culture. The Malaysia Café Expo, co-located with MIFB 2025 and MyFoodTech 2025, aims to amplify these efforts, offering a platform for exhibitors in coffee, tea, and related industries.
Paul Lee, Chief Executive, Markets, Constellar, added, “Our partnership with MSCA strengthens MIFB’s role in connecting businesses, communities, and cultures. Hosting MNCC underscores our dedication to fostering innovation and resilience in the F&B sector while promoting Malaysia’s vibrant café scene.“
MIFB 2025 positions itself as a catalyst for collaboration, innovation, and growth across Malaysia’s F&B and café industries, reinforcing the nation’s leadership in the regional food and beverage landscape.
Read the full press release here. For more information on MIFB 2025 or to register as an exhibitor, please visit https://mifb.com.my.
About MIFB
Organised by Constellar, MIFB is Malaysia’s premier food and beverage trade event, connecting local and international players across the supply chain to explore solutions and drive industry growth.
About Constellar
Constellar, Asia’s premier MICE partner, curates events and connects global networks for sustainable growth, managing Singapore EXPO and fostering innovation across key industries.
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View original content:https://www.prnewswire.co.uk/news-releases/brewing-connections-and-spotlighting-cafe-culture-mifb-2025-hosts-mncc-in-collaboration-with-msca-302340111.html
Fintech PR
URBAN REVIVO Celebrates 2024 Milestones and Unveils Ambitious Global Expansion Plans for 2025
GUANGZHOU, China, Jan. 6, 2025 /PRNewswire/ — At the dawn of a new year, the renowned fashion brand URBAN REVIVO (UR) proudly celebrates significant milestones in its international market expansion throughout 2024 and unveils ambitious plans for further global outreach in 2025. Building on a successful entry into Southeast Asian markets, URBAN REVIVO now sets its sights on major fashion capitals worldwide.
2024: A Year of Strategic Growth
In a pivotal year, URBAN REVIVO has successfully opened 9 new stores across key Southeast Asian markets including Singapore, Malaysia, Thailand, Vietnam, and the Philippines. This expansion brings the total number of the brand’s stores in the region to nearly 20. The strategic placement of these stores has not only strengthened URBAN REVIVO’s presence but also showcased its competitive edge. By tailoring each store to reflect the unique character of its city, URBAN REVIVO transforms them into urban art centers that focus on enhancing consumer experiences.
Richard Tang, CEO of URBAN REVIVO’s International Business, commented on the achievement: “As a brand committed to globalizing fashion retail, our breakthroughs in overseas markets during 2024 have been remarkable. The continuous opening of new stores reflects not just our expansion speed but also strong market confidence in URBAN REVIVO. Our performance in Southeast Asia exceeded expectations with several stores becoming profitable immediately upon opening.”
Looking Ahead: Ambitious Plans for 2025
Building on its success, URBAN REVIVO plans to expand into iconic global fashion cities such as London, New York City, Tokyo, and Hong Kong next year. This strategic move signifies URBAN REVIVO’s entry into the world’s top-tier fashion hubs. While accelerating its expansion into new markets, the brand will continue to strengthen its presence in Southeast Asia through franchising in addition to direct operations.
The brand is dedicated to refining a seamless omnichannel shopping experience that unites online platforms with physical stores. Through the strategic use of social media and live-commerce platforms, it seeks to cultivate stronger connections with consumers across the globe.
The Vision of Global Live Fashion
Established with the mission of enabling more customers access to premium, trendy, and fashion apparel, URBAN REVIVO has emerged as a prominent name in the global fast-fashion industry. Since its inception, the brand has maintained its dedication to motivating individuals who view every journey as a runway and propelling fashion into the future. This unwavering commitment has positioned URBAN REVIVO as a favored choice for trendsetters in search of innovative and distinctive wardrobe options each season.
By embracing “Global Live Fashion” as its new positioning statement, URBAN REVIVO strives to be recognized as the most engaging fast-fashion retailer globally. This goal will be achieved by providing an immersive art shopping experience that reflects the latest consumer trends, with each store offering weekly updates and displaying thousands of SKUs. Meanwhile, supported by design centers based in China and Europe, URBAN REVIVO works with over 600 designers who meticulously cater designs that meet diverse body types and aesthetic preferences across Asia and Europe, truly embodying the brand’s belief that “fashion never rests.”
About URBAN REVIVO
Founded in 2006, URBAN REVIVO (UR) is a global live fashion brand that strives to elevate affordable high fashion by offering creative, high-quality, sustainable designs. With over 400 stores in China, Singapore, Malaysia, Thailand, Vietnam and the Philippines, and an extensive online network in Europe, North America, and beyond, URBAN REVIVO ensures the highest standards through advanced supply chain management and technology. The brand’s mission is to make high-quality fashion accessible to everyone and to become the world’s most influential fashion brand.
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MIAMI, Jan. 5, 2025 /PRNewswire/ — The cloud-based payroll software market is set for continued growth, with projections showing a significant increase in market value over the next few years. This trend reflects a growing reliance on automated systems to manage payroll processes, boosting efficiency and reducing manual errors.
The payroll service industry is evolving rapidly, driven by advancements in technology and shifting workforce dynamics. As 2025 begins, businesses are turning to payroll processing service providers more than ever to streamline operations, reduce costs, and ensure compliance in an increasingly complex regulatory environment.
Technological Advancements in Payroll Solutions
Payroll solutions are entering a new era, driven by cutting-edge technologies like cloud computing, artificial intelligence (AI), and machine learning. These advancements are transforming payroll management, enabling real-time data access, automating complex tasks, and minimizing errors. From precise tax calculations to seamless benefits administration and accurate employee compensation, modern payroll systems are tackling challenges with unparalleled efficiency. As businesses increasingly embrace these innovations, the role of technology in redefining payroll services continues to make headlines, highlighting its impact on streamlining operations and ensuring compliance.
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“Our clients are benefiting from faster processing times, automated compliance updates, and an overall reduction in manual work,” said Ajay Mehta, CEO of IBN Technologies. “The role of technology in payroll management cannot be overstated, and it’s helping businesses focus on growth rather than administrative tasks.”
Adapting to a Changing Workforce
Most of the top companies embrace remote, hybrid, and gig economy workforces, manage payroll processing to accommodate diverse employment models. This includes handling multi-state and international payroll, managing freelancers, and ensuring compliance with varying tax laws.
“Businesses are increasingly hiring remote workers and freelancers, making it more critical than ever for payroll service providers to ensure that they are compliant with complex regulations,” said Ajay Mehta, CEO of IBN Technologies. “Our clients can rely on us to navigate these challenges and provide seamless payroll experiences.”
Why Automation is the Future of Payroll
As 2025 unfolds, payroll services are undergoing a transformative shift, driven by automation, cloud technology, and AI. Cloud-based platforms are offering businesses unparalleled flexibility, while automation streamlines processes, reduces errors, and enhances accuracy. Integration with HR and financial systems simplifies operations, and self-service portals empower employees with greater transparency and control. Meanwhile, advanced solutions are tackling the complexities of global compliance, ensuring businesses meet international regulations. Together, these innovations are revolutionizing payroll, creating a more efficient, secure, and employee-focused experience for the modern workforce.
Modern Payroll Management
Companies like IBN Technologies is at the forefront of driving innovation and efficiency in modern business operations. By leveraging advanced technologies like automation, AI, and seamless integrations, they empower enterprises to streamline processes, enhance accuracy, and meet the demands of a dynamic global market. Focused on delivering customized solutions, IBN is transforming traditional workflows into agile, efficient systems, setting new benchmarks in operational excellence.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA: IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
Description- Payroll services transform with AI, cloud tech, and automation, enhancing efficiency, accuracy, and compliance.
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View original content:https://www.prnewswire.co.uk/news-releases/payroll-service-market-anticipates-strong-growth-amid-rising-automation-demand-302342396.html
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