Nium Introduces Fintech Industry’s First Crypto-as-a-Service Solution

Nium, a leading embedded fintech company, yesterday announced that it has launched the fintech industry’s first global Crypto-as-a-Service (CaaS) solution, which allows financial institutions to integrate popular crypto capabilities into their financial applications.

Nium’s Crypto-as-a-Service platform offers simple API-based access to its crypto investment services. Through one API connection to its platform, clients can embed capabilities to buy, sell, and hold crypto, all supported by Nium with KYC, regulatory and compliance monitoring, brokerage, custody, and processing of the cryptocurrency.

In addition, the company also announced the extension of its Banking-as-a-Service (BaaS) solution to the US. Nium has one of the most globally comprehensive solutions for pay-outs, pay-ins, and card issuance. Any of these solutions can be integrated either as stand-alone services or as part of a comprehensive Banking-as-a-Service suite.

“Our global clients are seeking more and more ways to differentiate their core offerings with the most innovative fintech services,”said Prajit Nanu, Co-Founder and CEO at Nium.“Our embedded finance solutions accelerate the road to innovation for all businesses.”

“With seamless API-based connections, we offer access to modular fintech elements for payments and card issuing – and now, crypto. The elements can be embedded, fast and easy, into most applications, helping companies go further, faster,”Prajit Nanu added.

Earlier this year, Nium announced that it has raised over US$200 million in Series D funding​ led by Riverwood Capital, a U.S.-based high-growth tech investor.