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
July 2017$13.0M


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


Blaine Fabi

Global Finance Controller

Mahesh Koirala

Chief Business Officer

Pratik Gandhi


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