Digital payments startup Nium is in discussions to make a $400 million acquisition to help it expand across Europe, Co-Founder and CEO Prajit Nanu said.
“Europe is a very big business for us,” Nanu told CNBC.
Nanu said his company is in talks to buy an enterprise-focused payments operation that is worth “between $20 million to $400 million,” per the report. Nium has about 150 employees in Europe and plans to add 100 more over the next year.
The Singapore-based firm is poised to generate about $150 million in yearly global revenues, with more than half of sales coming from Europe, according to the report.
The European FinTech world is a competitive one, with multibillion-dollar startups trying to win market share from more…