In today’s briefing:
- M-DAQ: A B2B FX Solutions Specialist
- Nium: Southeast Asia’s First B2B Payment Unicorn
M-DAQ: A B2B FX Solutions Specialist
- M-DAQ is an FX solutions specialist that builds OTT applications to facilitate cross-border business and transactions for various industries.
- The company was reported to have processed ~S$10bn gross transactions and raked in ~S$46m revenue in FY19.
- The company already broke-even back in 2018 and now has a solid, blue-chip shareholder base.
Nium: Southeast Asia’s First B2B Payment Unicorn
- Nium is a global B2B payment platform that embeds an ecosystem of financial services for its clients: Banking-as-a-Service & Crypto-as-a-Service.
- The company was valued at $2bn based on its latest capital raise and is expected to generate a run-rate revenue of $100m in 2022.
- A “payment + ecosystem/services” business model rather than just processing cross-border payments likely provides the right value proposition for users.
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