Instarem Stock
InstaReM is a fintech-based digital international money transfer startup
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 |
|---|---|
| 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
Cross-border fintech startup Instarem raises $20M for global expansion
TechCrunch - Nov, 22 2018
Cross-border payment startup InstaRem eyes IPO in 2020 after closing $13M Series B
TechCrunch - Jul, 4 2017
Other Companies
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