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Instarem Stock

InstaReM is a fintech-based digital international money transfer startup

Founded

2014

Total Funding

$18.0M

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

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from Instarem or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

Some data provided by Crunchbase

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