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Instarem Stock

InstaReM is a fintech-based digital international money transfer startup

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About Instarem Stock

Founded

2014

Total Funding

18.0M

Industries

Software, Artificial Intelligence, Data and Analytics

Co-Founded by Prajit Nanu and Michael Bermingham in 2014, InstaReM (short for Instant Remittance) is a Singapore-headquartered Fintech start-up providing fast, secure and cost-effective digital cross-border money transfer services to individuals and businesses. InstaReM has created a unique payment mesh in Asia, which is being leveraged by individuals and corporates. The company also offers a configurable, multi-featured platform MassPay that helps corporate and SME users to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process, enabling then to reduce cross-border money transfer costs by up to 80%. The company is licensed in the EU, Australia, Canada, Hong Kong, Malaysia, India & Singapore. InstaReM is backed by marquee investors such as Vertex Ventures, Fullerton Financial Holdings, Global Founders Capital, GSR ventures and SBI-FMO Ventures. Its services and business model has been recognized on prestigious platforms such as Singapore Fintech Festival and India Fintech Awards in 2017.

Stay in the know about the latest news on Instarem

How founder of Singapore-based Airwallex rejected Stripe buyout before building $997 million fortune

straitstimes • Jun 11, 2025

Travel industry readies itself for the arrival of agentic commerce

phocuswire • Jun 09, 2025

Danish fintech Franklin secures $1M to expand e-commerce platform

arcticstartup • Jun 04, 2025

Digital Remittance Market Forecast to 2030: Strategies from Leading Industry Players Fueling Digital Remittance Growth

globenewswire • Jun 03, 2025

Businesses Embrace Real-Time Payments at the $10 Million Mark

pymnts • May 17, 2025

Leadership team at Instarem

Co-Founder and Chief Operating Officer

Michael Bermingham

Head of Global Marketing

Pratik Shah

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