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InstaReM, based in Singapore, provides digital cross-border payment services, enabling individuals, businesses, and financial institutions to send money internationally at competitive rates. The company secured nearly $40 million in funding by 2018, including a $5 million Series A, $13 million Series B, and a Series C round exceeding $20 million, processing billions of dollars annually across more than 40 countries. Serving individuals, businesses, and small banks, it achieved an 8% market share for remittances from Australia to India and attracted investments from firms such as Vertex Ventures, Fullerton Financial Holdings, and MDI Ventures. InstaReM later rebranded to become part of Nium, expanding its global enterprise payments platform capabilities. The organization was founded in 2014 by Prajit Nanu and Michael Bermingham.
InstaReM has raised $79.0M across 4 funding rounds.
InstaReM has raised $79.0M in total across 4 funding rounds.
InstaReM has raised $79.0M in total across 4 funding rounds.
InstaReM's investors include Atinum Investment, Vertex Ventures, Ripple, Beacon, Nicko Widjaja, GSR Ventures, Rocket Internet, SBI-FMO Fund, Jefferson Chen, Fullerton Financial Holdings, Global Founders Capital.
InstaReM has raised $79.0M across 4 funding rounds. Most recently, it raised $41.0M Series C in March 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 19, 2019 | $41M Series C | Atinum Investment, Vertex Ventures | Ripple | Announced |
| Nov 21, 2018 | $20M Series C | Beacon, Nicko Widjaja | GSR Ventures, Rocket Internet, SBI FMO Fund, Vertex Ventures | Announced |
| Jul 5, 2017 | $13M Series B | Jefferson Chen | Fullerton Financial Holdings, Global Founders Capital, SBI FMO Fund, Vertex Ventures | Announced |
| Mar 15, 2016 | $5M Series A | Vertex Ventures | Fullerton Financial Holdings, Global Founders Capital | Announced |
