Global fintech startup Nium (InstaReM earlier) announced that it has raised a new round of equity funding, joined by new investors Visa and BRI Ventures, the corporate venture arm of Bank BRI of Indonesia. Nium said it will be using the funds to further build its diversified payment infrastructure offering that includes outreach to consumers, SMEs, large enterprises as well as banks and financial institutions. The newly raised corpus will be largely directed towards product development and tuck-in acquisitions that compress time to market, the company added in release. For the latter, Nium will also focus on vertical expertise in markets like Europe, India, UK, and the US.

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