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Where can I get a better FX conversion?
Why is the amount different from the amount my bank committed to?
What is an interbank FX rate and why can't I access it?
Why does it take so long for my money to reach my family?
How do I tackle all the hidden fees when I send money abroad?

We know exactly what you’re thinking when you send money abroad. Sending money to your loved ones across the globe should be a process as easy as 1-2-3. But it’s not.



We are INSTAREM, our name finding its origins in two words summarizing all that we stand for- ‘INSTANT REMITTANCE’.
on transaction fees, service charges and hidden costs.
and live, with automatic notifications sent to both client and recipient
convenient and hassle-free, with an exceptional customer support service
at every step with the latest encryption technologies, so you can rest assured

- The Story -

The Instarem story begins with a very personal experience.
Prajit Nanu faced a number of challenges in sending money
across international borders, like opaque FX rates and extended
timelines for delivery. This prompted him and Michael
Bermingham, a close aide, to collaborate with a shared vision of
making a difference to the world they live in.

- Team -

Prajit Nanu
Co-founder And
Chief Executive Officer

Prajit serves as the Chief Executive Officer and a member of the Board of Directors. Based in Mumbai, Prajit is responsible for executing the business strategy and directing the overall performance and growth of the organization. He is also in charge of driving innovation across processes and create value add for customers. Prior to co-founding Instarem, Prajit held several leadership positions in global companies, including Global Sales Director, TMF Group and Vice President, Sales and Account Management at WNS (NYSE:WNS). He is a graduate from Mumbai University.

Michael Bermingham
Co-founder and
Chief Operating Officer

Michael oversees Instarem's core Operations and Compliance globally. His key responsibilities are global expansion of the firm, working with local regulators in each jurisdiction, and building teams and offices in local markets.

Prior to co-founding Instarem, Michael has worked for over 10 years in the OTC derivative and equities markets. He has regulatory and operational knowledge across the globe; Australia, China, Hong Kong, Singapore, United States and United Kingdom. Further to his regulatory experience, Michael has regulatory approval to act as a Key Person in multiple jurisdictions. Michael holds a degree in Bachelors of Science in Business Administration from Monmouth University.

Pratik Gandhi
Chief Business Officer

Pratik is a Chartered Accountant and Company Secretary and has over 25 years of experience in Banking and Non-bank industries. His immediate last assignment before joining InstaRem was as the CFO for Fullerton India, a step down subsidiary of Temasek and based out of Mumbai. Prior to joining Fullerton India, he was the CFO and Head of Portfolio management/ MIS for CB Risk at Standard Chartered Bank in Singapore. Pratik has also held positions of Regional CFO for Consumer Finance Business for APAC in Citibank (based in Singapore) as well as Director and CFO in CitiFinancial India in the past. Pratik has also in several other industries such as FMCG (PepsiCo), Telecom (Telstra) manufacturing business (Xerox) and consulting/ audit (Andersen).

Blaine Fabi
President – APAC

Blaine is an extremely experienced business leader. He has over 13 years of experience in the financial markets, and especially in foreign exchange. Blaine built a remittance company from the ground up in Australia and turned it into a very successful market leader. He joined InstaReM in 2014 with the goal of building InstaReM into a major force in the money remittance sector. Blaine is a leader in sales, marketing and building strong relationships across many different businesses.

Mahesh Koirala
Global Finance Controller

Mahesh Koirala is a Global Finance Controller at Instarem. His key priorities includes supporting the company’s growth, managing critical finance functions and adhering to regulatory and financial compliance. He is responsible for Financial Control, maintaining Banking relations, cost optimization and Accounting.

Mahesh is a Chartered Accountant and a Commerce graduate from Mumbai University with post qualification experience of over 20 years in Finance and Accounts. Prior to joining Instarem, he has served as Chief Financial Officer for publicly listed corporates in India. He has been instrumental in devising strategies for Forex and commodities hedging for corporates.

Amit Gupta
Engineering Head

Amit Oversees entire organisations application and automation needs including front and back end platform integration, Mobile Application and API integration with financial institutions. He brings with him 14+ years of extensive experience in Application Development, Automation. A long-time developer and accomplished software architect, Amit leads our engineering team with a breadth of experience building practical, functional, secure and cutting edge applications.

- Investors -

Vertex Ventures

Vertex Ventures Southeast Asia & India invests in high-growth start-ups seeking their first round of institutional venture capital funding across Asia (excluding China), with a focus on Singapore, Southeast Asia and India, among other emerging hubs of innovation in this region. The current portfolio include Grab, Reebonz, Patsnap, TickledMedia, Paktor, SDiX, FirstCry, Yatra, Xpress Bees and Housejoy. For more information, visit www.vertexventures.com

Fullerton Financial Holding
Fullerton Financial

Fullerton Financial Holdings invests in and operates financial institutions in emerging markets. We create shareholder value by differentiating through great people, disciplined development and execution of unique business models that focus on the SME and mass market customer segments.

We are a wholly owned subsidiary of Temasek, an investment company based in Singapore. For more information, visit www.fullertonfinancial.com

Global Founders Capital
Global Founders

Global Founders Capital (GFC) is a global venture capital fund that supports talented Internet entrepreneurs in all stages of development. The current portfolio includes Movinga, Naturebox, Dawanda, GetSafe, MarleySpoon and many other exciting companies. Global Founders Capital has been involved in numerous global success stories such as Facebook, LinkedIn and Trivago. More information is available from www.globalfounders.vc

- Our Values -

Customer Focus
Customer First, every day, every time
Function with complete transparency, following strictly ethical practices

Send & Save

Team Work
We believe teamwork empowers us to transform challenges to opportunities
Identify and develop new concepts to reduce costs for customers

- Our Mission -

" focus on a satisfactory
customer experience with
constant value creation, whilst
striving to reduce the cost of
transfering money globally."