When was InstaReM founded?

InstaReM was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is InstaReM located?

InstaReM is headquartered in Singapore, Singapore. It is registered at B3L5, Nirlon Knowledge Park,Pahadi Village,Off. The Western Express Highway,Cama Industr, ial Estate, Mumbai City, Goregaon East Mumbai, Maharashtra, India, 400063.

Who is the current CEO of InstaReM?

Prajit Nanu of InstaReM. They have also founded 2 companies and are angel investors in 6 startups, including Nium Forex and NIUM.

Which legal entities is InstaReM associated with?

InstaReM is associated with NIUM INDIA PRIVATE LIMITED.

How many employees does InstaReM have?

As of Aug 31, 2026, the latest employee count at InstaReM is 78.

Is InstaReM a funded company?

InstaReM is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 2014.

When was the latest funding round of InstaReM?

InstaReM's latest funding was a $***** Series C round on Nov 21, 2018, with participation from 2 investors.

Where does InstaReM rank among its competitors?

InstaReM ranks 25th amongst 3913 active competitors, of which 359 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of InstaReM?

InstaReM's top competitors include Payoneer, Remitly and Flutterwave. Among them, Flutterwave secured the most recent funding round in July, 2026.

InstaReM - 2026 Company Profile, Team, Funding & Competitors

Company Details

InstaReM is a cross-border money transfer platform for individuals and businesses. Users can transfer funds via banking channels. Businesses are allowed to accept payments in multiple currencies. Provides transaction history details as assistance to the user. It also offers white label card solutions for individuals and businesses. The app is available for iOS and Android devices.

Website: www.instarem.com/en-us/
Social
Email ID: *****@instarem.com
Part Of
Registered Address: B3L5, Nirlon Knowledge Park,Pahadi Village,Off. The Western Express Highway,Cama Industr, ial Estate, Mumbai City, Goregaon East Mumbai, Maharashtra, India, 400063

Key Metrics

Founded Year

2014

Location

Singapore, Singapore

Stage

Series C

Total Funding

$5M in 3 rounds

Latest Funding Round

Series C, Nov 21, 2018, $*****

Investors

MDI Ventures & 5 more

Ranked

25^th among 3913 active competitors

Employee Count

78 as on Aug 31, 2026

Similar Companies

Remitly & 1292 more

View InstaReM's full profile

InstaReM is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
NIUM INDIA PRIVATE LIMITED CIN: U74999MH2015FTC262511 , India, Active	Mar 05, 2015	₹100 - ₹500 Cr (As on Mar 31, 2025)	446 (As on May 01, 2026)

InstaReM has raised a total funding of $5M over 3 rounds. Its first funding round was on Nov 2014. Its latest funding round was a Series C round on Nov 21, 2018 for $*****. 2 investors participated in its latest round. InstaReM has 6 institutional investors.

Here is the list of recent funding rounds of InstaReM:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 21, 2018	7158228	Series C	3432527	8757447	9173696	8687946
Feb 2016	6142634	Series A	7982194	7998636	6553972	Fullerton Financial Holdings & 1 more
Nov 2014	7758109	Seed	7217962	7233903	4134206	CreedCap Asia Advisors

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View details of InstaReM's funding rounds and investors

The founders of InstaReM are Prajit Nanu and Mike Bermingham.

Here are the details of InstaReM's key team members:

Prajit Nanu: Co-Founder & CEO of InstaReM and founder of 2 other companies, Nium Forex and NIUM. They are also an angel investor in 6 startups and serve on the boards of 2 companies.
Mike Bermingham: Co-Founder of InstaReM. They serve on the board of 1 company.
Contact Info: 1 phone number

InstaReM's Board of Directors

InstaReM's board has 4 active members. Prajit Nanu, Tito Costa, Mike Bermingham and Joo Hock Chua are part of team.

Here is the list of InstaReM's board of directors:

Name	Type	Representing	Status	Duration
Prajit Nanu	Team	-	Current	12y 1m
Mike Bermingham	Team	-	Current	11y 7m
Tito Costa	Investor	Global Founders Capital	Current	7y 9m
Joo Hock Chua	Investor	Vertex Ventures	Current	10y 4m
oyorwxa	Independent board member	-	Past	8y 8m

View details of InstaReM's Founder profiles and Board Members

InstaReM's employee count trend

InstaReM has 78 employees as of Aug 26. Here is InstaReM's employee count trend over the years:

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Top competitors of InstaReM include Payoneer, Remitly and Flutterwave. Here is the list of Top 10 competitors of InstaReM, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 23 others	84/100
2nd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
3rd	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
4th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
5th	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Baillie Gifford & 105 others	82/100
6th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
7th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
8th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Lerer Hippeau & 8 others	76/100
9th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Marshall Wace, Vitruvian Partners & 19 others	74/100
10th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
25th	InstaReM 2014, Singapore (Singapore), Series C	Cross-border money transfers for businesses and individuals	$5M	Global Founders Capital, CreedCap Asia Advisors ... & 4 others	66/100