Financial infrastructure platform Nium has reportedly secured $80.4m in its ongoing Series D round.
The fundraise has shares priced three-times more than its previous series investment, going from $292 to $860 apiece, according to a report from Tech in Asia.
Riverwood Capital has served as the lead investor to the round, with it securing 81,362 shares in Nium. This works out to around $70m of the Series D. Other contributions came from Vertex Growth, which received 5,811 shares for $5m, and Rocket Internet, which bought 2,789 shares for $2.4m.
Beacon Venture Capital, Global Founders Capital and Rajaram Family Trust also invested into the company.
This Series D round is still open, with plans to close at the end of the month. The article claims the FinTech company is aiming to raise a total of $100m for the round.
Nium, which is based in Singapore, develops payment infrastructure APIs that help clients send, spend and receive funds. It platform can be integrated with existing systems and supports cross-border payments, local accounts and card issuance.
Currently, it services are licensed in 40 markets around the world.
Earlier in the year, Nium teamed up with mobile banking platform Tred to build a sustainable green debit card. The partnership enables Tred to offer its customers with a sustainable card that is made from recycled plastic.
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