Cross-border payments unicorn Nium has reportedly delayed its IPO plan in the US to the end of 2026 while on-chain data analytics platform Nansen has acquired staking service startup StakeWithUs.
Nium delays US IPO plan
Singapore payments company Nium has reportedly postponed its US IPO plan by more than a year as it seeks to beef up its revenue and team.
Bloomberg cited Nium’s CEO Prajit Nanu as saying that the $1.4-billion company, which had earlier targeted to list in the US in Q2 2025, has now shifted the timeline to the end of 2026, after a struggling period finding a new chief financial officer (CFO).
Nium has recently announced the appointment of former Credit Suisse investment banking executive Andre Mancl as its CFO.
Nanu said in the Bloomberg report that Nium increased its revenue by about 50% last year to $120 million, and is now focusing on expanding in regions including the UK and Latin America.
Nium raised $50 million in its Series E round in June, which was a 37.2% down round from its previous round in 2021. The Series E investment was led by the Brunei Investment Agency, and joined by Singapore’s GIC and Temasek.
Other investors in the company’s cap table include Vertex Ventures, Riverhood Capital, GSR Ventures, Rocket Internet and Global Founders Capital.
Blockchain company Nansen acquires StakeWithUs
Singapore-based blockchain data analytics platform Nansen has acquired staking service provider StakeWithUs, a deal that will enable Nansen to broaden its service offerings for different investor profiles.
Over $80 million worth of assets are staked by 30,000+ users on StakeWithUs, supporting over 20 different networks such as Solana, Sui, Celestia, and dYdX.
With this acquisition, Nansen users can analyse blockchain data, monitor their portfolio, and seamlessly stake their assets all within one platform.
“By adding staking services, we’re giving users the ability to act on their insights without leaving the Nansen platform, providing a smooth and integrated experience. As of today, over $435 billion is locked in staking, with a $183 billion stake in the top 20 blockchains. This will only continue to grow,” added Alex Svanevik, CEO of Nansen.
Founded in 2020, Nansen is backed by US venture capital firms Accel, Tiger Global and A16Z Andreessen Horowitz, along with Singapore’s GIC and Thailand-based SCB 10X, among others.
