Hong Kong SAR China · Money service business
Nium Limited
Nium Limited is a private company limited by shares, incorporated in Hong Kong in October 2015 as Instarem Limited. The Customs and Excise Department (C&ED) licenses it as a money service operator (licence 16-01-01797) for remittance and currency exchange. It is a subsidiary of Nium Pte. Ltd. of Singapore and runs the group's Nium and Instarem brands in Hong Kong. The group describes itself as payments infrastructure for cross-border payouts, card issuing and FX, sold mainly to banks, fintechs and businesses.
Licences and registrations
Held by Nium Limited (LEI 2549001N9XHKPWEJR945). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| Register of Money Service Operators (AMLO Cap. 615)Customs and Excise Department (C&ED) | Money Service OperatorMoney Transmitter / Remittance | 16-01-01797 | Hong Kong SAR China | Active | — | Renews 2028-02-12 |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
Nium Pte. Ltd.
Firm type
Money remittance
Trades as Nium / Instarem
- Standing
- The firm was incorporated as Instarem Limited and changed its name to Nium Limited on 16 October 2019. Its Hong Kong money service operator licence is active and expires on 12 February 2028, according to the C&ED register.
- Ownership
- Nium Pte. Ltd. of Singapore is the firm's direct and ultimate parent, according to the firm's LEI record.
- Direct parent
- Nium Pte. Ltd., Singapore
- Head office
- Room 517, 5/F, Inno Centre, 72 Tat Chee Avenue, Kowloon Tong, Kowloon, Hong Kong SAR China
- Company register
- Hong Kong Business Registration 65375987
- Incorporated
- 23 Oct 2015
- Founders
- Prajit Nanu · Michael Bermingham
- Former name
- Instarem Limited
Online
- Websites & references
- nium.com ↗
instarem.com ↗ Instarem consumer and SME money-transfer brand site (group-wide)
docs.nium.com ↗ developer documentation
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · X (Instarem brand) ↗ · LinkedIn (Instarem brand) ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 13 pages consulted
- nium.com/licenses
- lei.bloomberg.com/leis/view/2549001N9XHKPWEJR945
- instarem.com/licenses/
- instarem.com/help-personal/faqs/instarem-licensed-service-provider/
- nium.com/
- nium.com/about-us
- nium.com/legal
- nium.com/legal/dsa
- nium.com/newsroom/new-c-suite-hires-lead-next-era-of-global-payments-infrastructure
- nium.com/newsroom/nium-raises-us50-million-in-series-e-round-to-expand-real-time-payments-global-i
- prnewswire.com/news-releases/nium-acquires-cypher-expanding-its-fiat-to-on-chain-money-movement-infrastr
- mm.nh.gov/files/uploads/doj/remote-docs/nium-20251211.pdf
- en.wikipedia.org/wiki/Nium
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The C&ED licenses the firm as a money service operator under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), for remittance and currency exchange. The group states that the Hong Kong licence does not cover multi-currency wallets.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Customs and Excise Department (Hong Kong) Hong Kong SAR China | Money Service Operator Licence (Money Transmitter / Remittance; money remittance and currency exchange) | 16-01-01797 | In its own name | Active | nium.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Products and markets
Researched 29 Sep 2026 · Sources
Under its C&ED licence the firm provides remittance and currency exchange in Hong Kong for the Nium business platform and the Instarem money-transfer brand.
The firm provides services from Hong Kong under its C&ED licence. Other group entities serve other countries under their own licences.
- Payment volume
- USD 84bnpayments processed over the last 12 months
- Sells to
- Financial institutions · Enterprises · Platforms and marketplaces · Small businesses · Consumers
- Serves customers in
- Hong Kong SAR China
- Latest funding round
- Series E · USD 50m Jun 2024
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Prajit Nanu Founder and CEO (Nium group)
- Chief financial officer
- Andre Mancl Chief Financial Officer (Nium group)
- Compliance / MLRO
- Amaresh Mohan Chief Risk and Compliance Officer (Nium group)
- Executive
- Spencer Hanlon Chief Operating Officer (Nium group)
- Executive
- Anupam Pahuja Chief Business Officer (Nium group)
- Executive
- Sekhar Cidambi Chief Technology Officer (Nium group)
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
The Nium group acquired Cypher, a crypto wallet and card issuing firm. Cypher's founder joined as Vice President of Digital Assets.
prnewswire.com ↗ -
Leadership
The Nium group appointed Sekhar Cidambi as CTO, Amaresh Mohan as Chief Risk and Compliance Officer and Danielle Gotkis as CMO.
nium.com ↗ -
Security incident
Nium, Inc., the group's US sister company, notified the New Hampshire authorities of unauthorised access to a file system containing customer personal data.
mm.nh.gov ↗ -
Funding
The Nium group raised USD 50 million in a Series E round at a post-money valuation of USD 1.4 billion.
nium.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · CED-MSO
- 16-01-01797
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- 38cbee9ee116
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- AML registration onlyRegistered with an anti-money-laundering supervisor (FinCEN, FINTRAC, HMRC, AUSTRAC, Hong Kong Customs…) without a prudential licence.
- Main licence class
- Money Transmitter / Remittance
- Activities
- Money remittance
- Currency exchange
- Licensed in
- Hong Kong SAR China · East Asia & Pacific
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Nium Pte. Ltd. · Singapore2549001M1QCD7NV2FL63 ↗
The Nium Pte. Ltd. group has 6 institutions in the directory, in 6 countries: 2 hold a BIC and 4 do not.
Including Nium Europe B.V., Nium Fintech Limited, Nium Canada Corporation, Nium Pte. Ltd., Nium Pty Limited.
See the Nium Pte. Ltd. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- ROOM 517, 5/F, INNO CENTRE, 72 TAT CHEE AVENUE, KOWLOON TONG, KOWLOON, Hong Kong
- Country
- Hong Kong SAR China
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Does not fit the CBPR+ limits
- The address does not fit in the two address lines of 35 characters that CBPR+ allows next to a town and country.
The LEI record in GLEIF holds a structured legal address.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- Register of Money Service Operators (AMLO Cap. 615)—Customs and Excise Department (C&ED), Hong Kong · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
Book a demo