Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the addition of a global Fintech unicorn, Nium, as a partner company to HKSTP’s Fintech ecosystem.
According to a statement, “Nium is opening its new office at InnoCentre to leverage Hong Kong’s growing Fintech opportunities as well as the huge GBA market potential for seamless application programming interface (API)-based payments services. The high-growth Fintech startup connects consumers, corporations and financial institutions to the world’s payment infrastructure through a single API for fast, low-cost international transfers.”
The Temasek-backed Fintech startup closed its Series D funding round in July of this year, propelling its valuation beyond US$1 billion. The new funds will support rapid global expansion, with Hong Kong and the GBA as major growth opportunities. It currently holds several regulatory licenses and offices around the world, including in Singapore, Hong Kong, Australia, Malaysia, India, the US, and the UK.
Albert Wong, CEO, HKSTP, said, “Today we welcome Nium, the world’s first global B2B payments unicorn from Southeast Asia to the HKSTP ecosystem. The addition of such a world-class leader is a sign of strength for Hong Kong’s thriving Fintech scene, and proof of the city’s allure as a global Fintech hub. Growing adoption of API-driven solutions among Hong Kong’s financial institutions are fueling rapid development of Fintech startups, like Nium, and igniting growth for next-generation financial technologies into the GBA and beyond.”
Ivy Lun, Head of North Asia, Nium, said, “Our new Hong Kong operation is a major step in our North Asia growth journey, with HKSTP’s extensive Fintech expertise and unmatched network, we aim to become one of the key players in the Hong Kong Fintech ecosystem. Our mission is to provide individuals and businesses with one connection to the world of payments. We want to give them access to money with simplicity and speed, with Hong Kong as the ideal gateway to the huge market opportunity in the GBA and North Asia.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.