Nium Forex - About the company
Nium Forex is an unfunded company based in Bengaluru (India), founded in 2011 by Prajit Nanu and Michael Bermingham. It operates as a B2B cross-border payments and foreign exchange management solutions. Nium Forex has not raised any funding yet. The company has 887 active competitors, including 116 funded and 42 that have exited. Its top competitors include companies like Wise, Payoneer and Remitly.
Company Details
B2B cross-border payments and foreign exchange management solutions. They offer real-time payment solutions, manage foreign exchange, forex cards, money transfers, and more.
- Website
- niumforex.com
- Email ID
- *****@niumforex.com
- Phone Number
- +91 **********
- Registered Address
- CUNNINGHAM CLASSIC, 22 CUNNINGHAM RD NOW KNOWN AS SAMPANGI RAMASWAMY TEMPLE ROAD, TASKER TOWN BANGALORE , Bangalore Unclassified KA 560052
Key Metrics
Founded Year
2011
Location
Bengaluru, India
Stage
Unfunded
Ranked
105th among 887 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
212 as on Nov 30, 2024
Legal entities associated with Nium Forex
Nium Forex is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
INSTAREM INDIA PRIVATE LIMITED CIN: U63000KA2011PTC061735 , India, Active | Dec 18, 2011 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 223 (As on May 01, 2026) |
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Nium Forex's funding and investors
Nium Forex has not raised any funding rounds yet.
Nium Forex's founders and board of directors
Founder? Claim ProfileThe founders of Nium Forex are Prajit Nanu and Michael Bermingham. Prajit Nanu is the CEO of Nium Forex.
Here are the details of Nium Forex's key team members:
- Prajit Nanu: Co-Founder & CEO of Nium Forex and founder of 2 other companies, NIUM and InstaReM. They are also an angel investor in 6 startups and serve on the boards of 2 companies.
- Michael Bermingham: Co-Founder & Chief Business Officer of Nium Forex and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
Nium Forex's Board of Directors
Nium Forex's board has 3 active members. Balaraman Unnithan is part of team and Kailash Gupta and Pratik Gandhi are independent board members.Here is the list of Nium Forex's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
suxqykc | Team | - | Current | 6y 6m |
Independent board member | - | Current | 1y 10m | |
fycygro | Independent board member | - | Current | 4y 7m |
View details of Nium Forex's Founder profiles and Board Members
Nium Forex's employee count trend
Nium Forex has 212 employees as of Nov 24. The total employee count is 5.0% more than what it was in Nov 23. Here is Nium Forex's employee count trend over the years:
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Nium Forex's Competitors and alternates
Top competitors of Nium Forex include Wise, Payoneer and Remitly. Here is the list of Top 10 competitors of Nium Forex, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Wise 2011, Shoreditch (United Kingdom), Public | Provider of international money transfer and multi-currency | $397M | 86/100 | |
2nd | Payoneer 2005, New York City (United States), Acquired | Provider of cross-border payment solutions for freelancers, businesses, and marketplaces | $269M | 84/100 | |
3rd | Remitly 2011, Seattle (United States), Public | Provider of international money transfer services with multiple delivery options | $436M | 84/100 | |
4th | Airwallex 2015, San Francisco (United States), Series H | Provider of financial infrastructure for processing payments and managing treasury | $1.9B | 83/100 | |
5th | Ebury 2009, London (United Kingdom), Acquired | Provider of global payment solutions, currency risk management, and business lending | $374M | 79/100 | |
6th | Venmo 2009, New York City (United States), Acquired | Provider of a platform for sending and receiving payments between users | $1.3M | 76/100 | |
7th | Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions | $362M | 74/100 | ||
8th |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 73/100 | |
9th | Provider of a platform for managing and automating international salary payments | $38.9M | 71/100 | ||
10th |  Xoom 2001, San Francisco (United States), Acquired | Provider of online service for international money transfers, bill payments | $106M | 71/100 | |
105th | Nium Forex 2011, Bengaluru (India), Unfunded | B2B cross-border payments and foreign exchange management solutions | - | - | 40/100 |
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Nium Forex's Investments and acquisitions
Nium Forex has made no investments or acquisitions yet.
Reports related to Nium Forex
Here is the latest report on Nium Forex's sector:
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