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Nium Pte Appoints Andre Mancl As Chief Financial Officer

PRIVATESep 09, 2024•almost 2 years ago

Position

Chief Financial Officer

Company

Nium

Andre Mancl

SingaporeFinancial Services

Description

Nium Pte has hired Andre Mancl as chief financial officer, tapping the former CFO of online food booking platform ChowNow. This hiring is part of the company's focus on shoring up its team and growing revenue, aiming to go public by the end of 2026.

Company Information

Company

Nium

Location

85 2nd St

Singapore

About

The fintech startup said the fresh funding will be used to expand its network infrastructure, drive product development and purchase new technologies and companies. The capital will also be used for speeding up Nium's growth in the United States and Latin America, the company said. It processes $8 billion annually in payments and has issued more than 30 million virtual cards so far, the company said, adding that it saw a near four-fold increase in year-on-year revenue. Including the latest round, which also saw participation from Singapore's state investor Temasek Holdings, payments processor Visa Inc. and venture capital firm Vertex Ventures, Nium said it had raised nearly $300 million in capital so far.

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