India– September 17, 2024 – Nium, the global leader in real-time cross-border payments, announced two executive appointments that strengthen its leadership team and underscore the company’s focus on driving efficient and responsible growth.

Andre Mancl joins as Chief Financial Officer. He will oversee all financial strategies for the company and will lead Nium’s global finance organization, including planning, treasury, tax, reporting, corporate development, and investor relations. He will be integral in helping Nium deliver profitable growth and efficiency at scale, while creating value for all Nium shareholders. 

Philip Doyle joins as Chief Compliance Officer. He will lead Nium’s global risk and compliance programs, ensuring both evolve and grow as regulatory expectations heighten. Both executives will report to Prajit Nanu, Founder and CEO of Nium, and will join the company’s Executive Committee.

“These two leaders add deep subject matter expertise in their respective fields and complement what is already one of the best leadership teams in global payments,” said Nanu. “We’re in a great position to continue executing on a sustainable growth strategy, elevating our operational performance across all areas of our business, while delivering customer-centric technology innovation. These leaders, together with our colleagues around the world, take us steps closer to achieving a mission of connecting the world’s banks and businesses to the future of real-time, cross-border payments.”

Prior to Nium, Mancl was the Chief Financial Officer at ChowNow, a leading software platform that connects independent restaurants with their diners through a suite of digital products. Before joining ChowNow in 2021, he was a Managing Director and Global Co-Head of Internet Investment Banking at Credit Suisse. As an Investment Banker, he worked in the Technology Sector for over 15 years and has been involved in tens of billions of dollars of debt, equity, and M&A transactions. During his banking career he advised and executed transactions for companies, such as Lyft, Snap, Ancestry.com, Facebook (Meta), AppLovin, and GoDaddy. Prior to his investment banking career, he served as a distinguished SH-60B Seahawk Helicopter Pilot in the United States Navy, flying missions in various regions and received the Order of the Daedalian for landing a helicopter in distress. He holds an MBA from the University of California Los Angeles (UCLA) and a BS in Industrial and Systems Engineering from the University of Southern California (USC).

“Throughout my career in the technology sector, I’ve witnessed firsthand the profound impact of technology innovation on the global economy,” commented Mancl. “Joining Nium at this pivotal moment is one of the most exciting moments of my career and I’m humbled to be part of such an exceptional team. I look forward to playing a meaningful role in Nium’s next phase of growth.”

Doyle joins Nium with decades of risk and compliance experience, most recently Chief Risk and Compliance Officer for Zepz, one of the world’s leading remittance companies. There he created and led the company’s global compliance program, including standards and best practices for adhering to applicable local and international regulations. Prior to this, Doyle held senior financial crime positions at banks, such as Revolut, Clearbank, and Tandem Bank. A career-long “fraud fighter,” Doyle has also held fraud prevention roles at FICO, SAV Credit Limited, Visa, and Morgan Stanley. He holds an MSc. from the University of Nottingham and a BSc. from the University of Sussex.

“Payments is built on the trust we earn from the banks and businesses we serve,” said Doyle. “There could not be a better time to start my journey with Nium with so much investment going into expanding our compliance programs to be best-in-class.” 

Mancl and Doyle join at a time of great momentum for Nium, which recently announced its expansion Latin America with license applications, key fintech association memberships, and new customers. The company also announced new local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. In June, the company announced that it had raised US$50 million in a Series E funding round, led by a prominent sovereign wealth fund in Southeast Asia. Today’s news follows key appointments for the company including Spencer Hanlon to Chief Operating Officer and Alexandra Johnson to Chief Payments Officer.

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New Delhi – August 8th, 2024 — Nium, the global leader in real-time cross-border payments, today announced the expansion of its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. The move makes Nium one of the only providers to offer a network this wide. Customers can now access the broadest range of local currencies through wires and local payment rails, with an extensive selection of currencies tailored to meet the diverse needs of various markets, including developing and emerging economies.

Businesses often face challenges with moving money across borders — whether it is local businesses sending money abroad or global businesses collecting funds locally — due to the limited availability of certain currencies and the need to optimize cash flow and liquidity. Nium’s local currency account offering makes it faster and more cost-effective for businesses, digital platforms, and marketplaces to receive money in the desired country, either for their business or for their customers, without having to manage the complexity of setting up a local entity or opening and managing additional operating accounts.

Through its global network of licenses, Nium offers local currency account details in more than 15 currencies, with newly added capabilities in Brazil, Denmark, Indonesia, the Philippines, Poland, and the UAE, with Mexico and New Zealand expected to follow shortly. These new markets join others including Australia, Canada, EEA, Hong Kong, Japan, Singapore, the UK, and the US.

“Payments companies have underserved access to and from emerging markets, choosing to focus on the G20,” said Alex Johnson, Chief Payments Officer at Nium. “However, to create a truly global enterprise, companies need to be able to access a wide network of markets where their buyers and sellers are domiciled. We now enable more businesses to receive in local currencies for global business needs, allowing them to be more competitive on a global scale. This breadth makes Nium the go-to choice for businesses looking to expand their global reach.”

This expansion is key for many of the industries Nium serves including marketplaces, payroll, and financial institutions. This opens the future ability for Nium’s customers in emerging markets, including direct debit for collections from their customers, FX, split payments, local card settlement and much more. Today for example, a payroll customer in Singapore can use local account details in Singapore to fund their local Nium account in Singapore dollars and send funds to their global workforce in more than 100 currencies and 220+  markets via Nium.

Nium customers can access these local account capabilities through existing APIs, making it easy for them to start quickly and scale at speed. Nium’s local account details offer customers the convenience of:

• Reduced funding or collections overhead by eliminating the costs involved with cross-border wire transfers and lack of transparency in FX conversions
• Increased transaction speed by utilizing local real time payment rails like Instapay (PH), PIX (BR), SPEI (MX), and many more
• Eased payment reconciliation with real time transaction alerts along with transparent sender information
• Scaled global business without the overhead of setting up operations in certain emerging markets

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New Delhi, August 21, 2023: The International Cricket Council (ICC), together with official fintech infrastructure partner and leading real-time global payments platform, Nium, today invited all cricket-loving technologists to revolutionize the sport through cutting-edge innovation as part of the second edition of the Next In hackathon.

The “Next In” hackathon is a unique platform that brings together technologists from around the world who share a passion for cricket. The second edition promises to be bigger and better offering participants the chance to showcase their skills, collaborate with like-minded individuals, and contribute to the evolution of cricket in a digital age, culminating in the hackathon final in India in early November during the ICC Men’s Cricket World Cup. Through this platform, technologists will have the opportunity to develop innovative solutions that can elevate high performance training, enhance fan engagement, and encourage mass participation in the sport.

This is an opportunity for the global community of sports and technology innovators, to create new and improved fan engagement experiences and facilitate the growth of cricket. Through the ICC’s vision for more players, more fans and more nations enjoying cricket, the hackathon provides a great opportunity to create more opportunities for fans to engage and access the sport.

The three tracks for participants to focus on are:

Enhancing team / athlete training experience
Fan experience – In stadium and at home
Growing participation in the sport
There will be no limit to how many technologies are used for each track, but at least one of the below listed technologies must be utilized within the derived applications for the above tracks:

Artificial Intelligence / Machine Learning
Fintech
AR / VR
Web3
Blockchain
Data Science

To register to be a part of the hackathon click here and express your interest by 29 September. A shortlist of teams will be invited to build and present their creations to a panel of prestigious judges including hackathon ambassador, Anil Kumble at an exclusive event in India in early November during the ICC Men’s Cricket World Cup 2023. As part of the process there will be knowledge sessions with mentors and meetups in Singapore, Mumbai and San Francisco.

ICC Head of Digital, Finn Bradshaw said: “I’m thrilled to continue our journey with Nium as we drive the intersection between invention and a collective passion for Cricket. Our focus on three pivotal tracks – High Performance, Fan Engagement, and Grassroots Participation – propels us into an exciting phase. With innovation as our driving force, we’re geared up to enhance cricketing experiences at the highest level, foster stronger connections with fans, and nurture budding talent. We’re excited about the path ahead and look forward to engaging with the brightest and most passionate minds.”

Jeremiah Glodoveza, Senior Vice President and Head of Global Marketing and Communications at Nium, said: “The Next-In Hackathon has become the showcase for the world’s best technologists to share new experiences that will advance the game we love. We’re proud to celebrate innovation in all forms, whether it’s on the pitch or off. We look forward to seeing how fans are envisioning the future of cricket, in what will no doubt be an amazing hackathon in November.”

Hackathon Ambassador Anil Kumble said: “I am delighted to be the Next In Hackathon Ambassador for its second edition. I believe there are many new ways of integrating technology into the sport, with data being a key part in how it will shape cricket moving forward. There were some fascinating innovations as part of the inaugural hackathon connecting technology and cricket together and I can’t wait to see what ideas will be presented to us this time around to help make the game more accessible and engaging for fans and cricketers alike.”

The first ever Next In hackathon saw 9550 teams from 113 countries involved, including 1000 registrants from the USA with the winning idea presented by team ‘Fanisko’. Their solution offered an enhanced live cricket viewing experience through 3D Augmented Reality, allowing users to play the game in real time from the comfort of their homes. The team’s solution was based on Web AR technology, which was integrated within the ICC app and offered in-depth player insights, bringing cricket spectators closer to the action.

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