M&A Deal Summary

Nium Acquires Socash

On April 26, 2022, Nium acquired information technology company Socash

Acquisition Highlights
  • This is Nium’s 2nd transaction in the Information Technology sector.
  • This is Nium’s 1st transaction in Singapore.

M&A Deal Summary

Date 2022-04-26
Target Socash
Sector Information Technology
Buyer(s) Nium
Deal Type Add-on Acquisition

Target

Socash

Singapore, Singapore
Socash is an alternative payments network platform, that brings together financial institutions and digital commerce merchants into a thriving network that allows consumers to deposit, withdraw, and make payments with cash from more than 30,000 local shops, cafes, and grocery stores. Socash was founded in 2016 and is based in Singapore.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Nium

Singapore, Singapore

Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

Nium is a financial services platform? that enables companies around the world to unlock new revenue opportunities and improve cash flow economics. The company's modular platform allows banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Its proprietary set of APIs embeds financial services and can bring to life multiple B2B and B2C use cases in a matter of weeks. Nium was formed in 2015 and is based in Singapore, Singapore.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Singapore M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Ixaris

London, United Kingdom

Ixaris operates the Entropay brand of VISA and MasterCard virtual prepaid credit cards, providing an instant, global solution for making and receiving online payments. Ixaris's innovative Open platform is used by organizations in the affiliate/performance marketing, travel, market research, and financial services industries to build custom applications to meet payment needs. Ixaris was founded in 2000 and is based in London, United Kingdom.

Buy -