
Instarem Stock
InstaReM is a fintech-based digital international money transfer startup
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About Instarem Stock
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.
Funding History
March 2016 | $5.0M |
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July 2017 | $13.0M |
Management
Co-Founder and Chief Operating Officer
Michael Bermingham
Head of Global Marketing
Pratik Shah
Co-Founder & CEO
Prajit Nanu
Head of Institutional Business
Ramakrishna AG
Head of Global Compliance
Andy Wong
President
Blaine Fabi
Global Finance Controller
Mahesh Koirala
Chief Business Officer
Pratik Gandhi
Press
TechCrunch - Jul, 27 2021
Nium crosses $1B valuation with $200M Riverwood Capital-led roundTechCrunch - Nov, 22 2018
Cross-border fintech startup Instarem raises $20M for global expansionTechCrunch - Jul, 4 2017
Cross-border payment startup InstaRem eyes IPO in 2020 after closing $13M Series BEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
Some data provided by Crunchbase