“Can a license-heavy cross-border payments network become the default global money-movement layer for banks, fintechs, and platforms — including for stablecoin rails?”
Nium began in 2014 as Instarem, a consumer remittance app born from founder Prajit Nanu's frustration with transferring money abroad. The company pivoted to B2B cross-border payments in 2016 and rebranded as Nium in 2019, building a license-heavy global payout network. After a 2023 restructuring (layoffs and leadership exits), Nium has leaned into being the cross-border payments infrastructure for banks, fintechs, marketplaces, and travel — adding stablecoin rails via Circle and Coinbase partnerships in 2025.