NIUM, considered one of world’s largest International Monetary Infrastructure Platform supplier at this time introduced the launch of “BOLT”, its distinctive platform to spice up innovation within the world Fintech house, and assist entrepreneurs velocity their merchandise / companies to market.
Designed as an intense 26-week collaborative program, BOLT, the R&D Fintech Hub, is a firstof-its-kind unbiased platform. It presents entrepreneurs unrestricted entry to the enterprise ecosystem of NIUM. Fintech entrepreneurs can leverage the chance to collaborate with NIUM and connect with its current API stack.
On the coronary heart of the BOLT program is a singular innovation ecosystem led by Nium’s excessive density Fintech experience and the complete vary of NIUM’s ‘Ship’ (55+ international locations through direct ACH protection), ‘Spend’ (card issuance in 32+ international locations) and ‘Obtain’ (30+ international locations through direct ACH protection) capabilities. Entrepreneurs with an thought for the subsequent huge FinTech resolution can now acquire full entry to Nium’s API community by way of BOLT.
Discussing the launch, Prajit Nanu, Co-founder and CEO of NIUM stated, “BOLT focuses on accelerating the interpretation of modern concepts & ideas into tangible prototypes & merchandise. We offer a very unbiased platform with completely no predatory equity-in-lieu, or IP-in lieu, and even any lien on future line of sight income. Your success is yours alone, we’re right here solely to allow your path to success.”
Co-located at NIUM’s world headquarters, BOLT presents world-class infrastructure spanning practically 2,000 sq. ft of devoted house within the coronary heart of CBD, Singapore. Absolutely outfitted with state-of-the artwork infrastructure and facilities, BOLT’s imaginative and prescient is to be an enabler in addition to a 360diploma engagement and studying hotspot for fintech entrepreneurs.
Begin-ups additionally profit from BOLT’s location in Singapore – famend globally as a world monetary middle with a pro-business surroundings that pulls companies and start-ups from all around the world. The resultant pool of a extremely expert and cosmopolitan populace supplies the proper surroundings for cross-pollination of concepts and improvements.
BOLT supplies different key elements that the majority first-time entrepreneurs lack. These basic enablers of early stage start-ups embody resourcing and skillsets on UI / UX coaching, fund elevating and capital structuring in addition to advise on the huge ocean of applied sciences accessible to allow fast time deployment.
BOLT permits start-ups scale-up quickly by offering a prepared platform for all of the important instruments a Fintech start-up must develop quickly. These embody a ‘tinker-ready’ sand-box, API docs, straightforward connect with a variety of its platform API’s and co-location alongside the NIUM work house ecosystem.
Prajit stated, “As an entrepreneur, I’ve journeyed by way of successes, failures and complexities of establishing a profitable Fintech firm. InstaReM, the primary product of NIUM, took 5 years to ascertain its community which now spans over 100 international locations. With BOLT, entrepreneurs can now concentrate on their modern merchandise and options alone.”
“We imagine in optimizing enterprise processes and shortening the timeframe between ideation and execution,” he added.