HONG KONG – (BUSINESS WIRE) – October 31, 2021–

Hong Kong Science and Technology Parks Corporation (HKSTP) today announced the addition of a global fintech unicorn, Nium, as a partner company to HKSTP’s thriving fintech ecosystem. Nium opens its new office in InnoCentre to take advantage of the growing Fintech opportunities in Hong Kong as well as the enormous potential of the GBA market for transparent payment services based on the application programming interface (API). The high-growth Fintech startup connects consumers, businesses and financial institutions to the global payments infrastructure through a single API for fast and low-cost international transfers.

Nium has been in Hong Kong since 2016 and the growing team will join other fast growing Fintech companies in Science Park’s flagship Fintech center at InnoCentre in Kowloon Tong. The Temasek-backed Fintech startup closed its Series D funding round in July this year, propelling its valuation beyond US $ 1 billion. The tour allows Nium to accelerate its regional growth, with HKSTP being chosen as the ideal partner for this next leg of the journey. The new funds will support rapid global expansion, with Hong Kong and the GBA as major growth opportunities. She currently holds several regulatory licenses and offices around the world, including Singapore, Hong Kong, Australia, Malaysia, India, United States and United Kingdom.

HKSTP has already connected Nium with a number of Fintech API players in Hong Kong to accelerate service development and business growth. Through collaboration with industry leaders and tech startups at InnoCentre, Nium can instantly connect to Hong Kong’s thriving Fintech ecosystem and ride the wave of API-based financial services sweeping Hong Kong. and the GBA.

Albert Wong, CEO of HKSTP, said, “Today we welcome Nium, Southeast Asia’s first global B2B payments unicorn 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 appeal as a global Fintech hub. The growing adoption of API-based solutions among financial institutions in Hong Kong is fueling the rapid development of fintech startups, like Nium, and driving the growth of next-generation financial technologies in the GBA and beyond.

Ivy Lun, Head of North Asia, Nium, said: “Our new operation in Hong Kong is a major milestone in our growth journey in North Asia, with HKSTP’s extensive Fintech expertise and unmatched network we aim to become one of the key players in the Kong Fintech Ecosystem. Our mission is to provide individuals and businesses with a single connection to the world of payments. We want to give them access to money quickly and easily, with Hong Kong as the perfect gateway to the huge market opportunity of the GBA and North Asia.

Nium will leverage Hong Kong’s status as an international financial center, regulatory leader, transportation and trade hub, and world-class international I&T center to fuel its regional expansion plans. The HKSTP Fintech ecosystem can fuel Nium’s growth journey by providing the ideal environment for API innovation, connections to deep expertise from Regtech and Fintech, as well as integration with GBA.

Nium is a leading integrated fintech company that provides banks, payment providers, travel agencies and businesses of all sizes with access to global payment services through a single API. Its modular platform provides services for payments, payments, card issuance and banking as a service. Once connected to the Nium platform, companies can pay in more than 100 currencies to more than 190 countries, including 85 in real time. Funds can be received in 33 markets including South East Asia, UK, Hong Kong, Singapore, Australia, India and USA.

Nium has the largest license portfolio, spanning 11 of the world’s jurisdictions, enabling transparent global payments and rapid integration, across multiple geographies. Nium is part of CB Insights Fintech 250, which highlights the world’s most promising Fintech companies.

About Hong Kong Science and Technology Parks Corporation

Comprising Science Park, InnoCentre and INNOPARKs, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to creating a dynamic innovation and technology ecosystem to connect stakeholders, nurture technological talent, facilitate collaboration and catalyze innovations to deliver social and economic benefits. advantages for Hong Kong and the region.

Established in May 2001, HKSTP has led the development of Hong Kong into a regional hub of innovation and growth in several targeted clusters, including electronics, information and communications technologies, green technologies, biomedical technologies , materials and precision engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centers with professional support services. We also offer value-added services and comprehensive incubation programs for tech start-ups to accelerate their growth.

Technology companies benefit from our specialized services and infrastructure at Science Park for applied research and product development; businesses can find creative design support at InnoCentre; while skill-intensive businesses are served by our three INNOPARKs in Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at www.hkstp.org.

Hong Kong Science and Technology Parks Society

Email: [email protected] Edelman Public Relations

Email: Claudia.Yau @ edelman.com / Edelmanhkstppr @ edelman.com

KEYWORD: ASIA PACIFIC HONG KONG

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY OTHER SOFTWARE TECHNOLOGIES FINANCE BANKING

SOURCE: Hong Kong Science and Technology Parks Society

Copyright Business Wire 2021.

PUB: 10/31/2021 10 p.m. / DISC: 10/31/2021 10:02 p.m.

Copyright Business Wire 2021.


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