Rimuut calls on Nium for fast payments

Next-generation financial services platform Nium and global billing and payment platform Rimuut have announced a strategic partnership that will allow Rimuut to take advantage of Nium’s vast payment network and its fast cross-border collection service .

With around 20 million freelancers in the EU, representing 8% of the workforce in the region and almost 60 million freelancers in the US, representing around 35% of the workforce[1], the partnership with Nium will allow Rimuut to gain a competitive advantage in the booming ecosystem of freelancers and the concert economy.

With a simple but secure approach to financial operations, Rimuut places at its heart the facilitation of invoicing and payment processes between companies and independent professionals. Businesses have become more agile thanks to the speed of Rimuut’s invoicing and payment system. Collaboration with Nium will make this process even more convenient, secure and faster.

Nium’s global payment technology stack will not only make collecting and disbursing local currency funds faster and more profitable for Rimuut, but it will also introduce Rimuut into new markets, including access to countries such as Taiwan or the Philippines.

With a global network of over 40 partner banks and a strong regulatory portfolio that includes licenses in Singapore, Malaysia, Australia, Hong Kong, India, Indonesia, Japan, UK, EU , in Canada and the United States, Nium is also able to provide advice and support on local policies and regulations in new markets and will enable Rimuut to grow globally.

“We have been working on our international expansion for some time. Currently, Rimuut offers financial solutions to more than 3,500 companies engaged in financial transactions with more than 35,000 freelancers located in different countries. This partnership will expand our reach, strengthen our operations and provide financial services to empower businesses that need to make cross-border payments through our innovative platform. We believe that our partnership with Nium will provide the support we need to provide the best and most convenient service to our users, ”said Mert Bulut, co-founder and CEO of Rimuut.

Nium’s payment capacity enables Rimuut to:

• Access to more than 65 payment lanes
• Pay freelancers in full in the currency of their choice (ensuring that the full amount reaches the beneficiary, with no hidden charges)
• Provide instant and fast settlements to freelancers

Nium’s payment capacity enables Rimuut to:
• To raise funds from their global trading partners on dedicated onshore currency accounts in APAC, EU, UK and US

“We are very excited about this partnership and the tremendous opportunities it represents for both parties. We strongly believe in Rimuut’s unique business model and want to ensure that every transaction process powered by Nium will contribute to the overall efficiency and agility of the platform and its user experience. Our journey together has begun and we have big plans to unlock even more integrated platform capabilities and APIs in Rimuut as we grow this partnership, ”said Danny Carolan May – VP and Head of Business Development at Europe, at Nium.

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