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Our Story

It all began with a friend's bachelor party in Thailand. Prajit Nanu, formerly global sales director of TMF Group and VP - Sales & Account Management at WNS, while booking a resort in Phuket for the party, was frustrated with the cumbersome process to transfer money overseas. This experience made Prajit realize that international money transfers were neither straight-forward, nor cost-effective. Excessive paperwork and multiple touchpoints increased costs, and stretched the time taken for end-to-end transfer.

This prompted him to collaborate with Michael Bermingham, a close aide and an expert in compliance in Asia, EU and Europe who shared a vision of making international money transfers as easy as pie. The rest, as they say, is history!

InstaReM CNBC TV Awards
Young Turks
InstaReM CEO Prajit Nanu shares the story of how an 'inconvenience' gave birth to a more cost-effective and faster way to transfer money overseas.

Our Milestones

  • Received $ 5mn in Series A funding

    Received US$ 500,000 in seed capital

  • Set up InstaReM in Australia

    Launched Australia Operations, focus on AUD-INR

  • Started operations in Australia

    Received US$ 5mn in Series A funding

  • Started operations in Singapore and Hong Kong

    Started operations in Singapore and Hong Kong

  • Received $ 13mn in Series B funding

    Received US$ 13mn in Series B funding

  • Received licenses for operations in the US

    Received license for US operations

  • Entered EU market with EMI license from Bank of Lithuania

    Entered EU market with EMI license from Bank of Lithuania

  • Received RBI approval for India-outbound remittances

    Received RBI approval for India-outbound remittances

  • Started operations in Malaysia

    Started operations in Malaysia

  • Team size reached 100 globally

    Team size reached 100 globally

  • InstaReM joining the Ripple net

    Joined RippleNet - to facilitate members’ payouts in Southeast Asia

  • Beetech Partnership

    Partnership with RippleNet member Beetech for fast payments bet'n SE Asia and LatAm.

  • Launch of India Outbound

    Launched India-outbound operations

  • Launch of EU and UK Operations

    Launched EU, UK and US operations


Everybody Has Their Thing,

Ours Is Making Global Money Transfers Easy

“We aim to set a precedence in bridging currency borders by streamlining the process of sending and settling overseas payments, powered by continuous innovations in transparency, security, and cost efficiency.”

  • Teamwork We are better together
  • Customer Focus It's because of our customers that we are
  • Innovation There's always a better solution
  • Integrity Ethical and transparent, always. Within and outside
We’re On A Mission...

To Make Your Money Transfer Experience A Smooth One

“Our focus is to give our banked and unbanked clients access to financial products through our leading technology platform, thus fueling our growth as the world’s premier cross-border payments firm.”

Awards & Accolades
InsrtaReM : MAS Global Fintech Award
Singapore Fintech Award Singapore Fintech Festival, 2017
InsrtaReM : MAS Global Fintech Award
Blockchain Innovator Award Swell By Ripple, 2018
San Francisco
InsrtaReM : MAS Global Fintech Award
Outstanding Digital Cross-Border Money Transfer Service ET Net FinTech Awards, 2017
Hong Kong
InsrtaReM : MAS Global Fintech Award
Fintech Rising Star Award India FinTech Awards, 2017
Our Founders
  • Prajit Nanu : Co-founder And  Chief Executive Officer
    Prajit Nanu
    Co-founder and Chief Executive Officer
  • Michael Bermingham : Co-founder and Chief Operating Officer
    Michael Bermingham
    Co-founder and Chief Operating Officer
Our Investors
We’ve Got The World Covered
  • Australia
    NIUM PTY Limited(formerly known as InstaReM PTY Ltd)
    Level 4, Suite 152, Elizabeth Street​ Melbourne, VIC ​ Australia 3000​
  • Canada
    NIUM Canada Corporation(formerly known as InstaReM Canada Corporation)
    552A, Clarke Road, ​ Suite 299, Coquitlam, BC​ Canada V3J 0A3​
  • Hong Kong
    NIUM LIMITED(formerly known as InstaReM LIMITED)
    Flat / Rm 606, Hollywood Centre​ 77-91 Queens Road, West Sheung Wan​ Hong Kong​
  • India
    NIUM India Pvt. Ltd.(formerly known as InstaReM India Pvt. Ltd.)
    1201-05, B - Wing, Kanakia Wall Street​ Chakala, Andheri (E), Mumbai – 400 093 India​
  • Indonesia
    PT InstaReM Mitra Indonesia​
    Pondok Indah Office Tower 3 - 17th Floor,​ Jl. Sultan Iskandar Muda Kav V-TA,​ Jakarta 12310​ Indonesia​
  • Japan
    Nium Japan Kabushiki Kaisha (formerly known as InstaReM Japan Kabushiki Kaisha)
    Daiwa Shibuya Square 6F, 16-28 Nampeidaichou, Shibuya-ku Tokyo​ Japan​
  • Lithuania
    UAB NIUM EU(formerly know as UAB InstaReM EU)
    Konstitucijos pr. 21B, LT-08130, Vilnius​​ Lithuania​
  • Malaysia
    NIUM SDN. BHD.(formerly known as InstaReM Malaysia Sdn. Bhd.)
    Registered Address 10th Floor, Menara Hap Seng,​ No. 1&3, Jalan P. Ramlee, 50250 Kuala Lumpur, Malaysia​
  • Singapore
    NIUM Pte. Ltd.(formerly known as InstaReM Pte. Limited)
    #20-05, Hong Leong Building, ​ 16, Raffles Quay​ Singapore – 048581​
  • United Kingdom​
    33, Queen Street​ London EC4R 1BR​ United Kingdom​
  • United States of America​
    NIUM, Inc.​(formerly known as InstaReM USA Corporation)
    90, Washington Valley Road​ Bedminster, NJ 07921 United States of America​

We top up your account with 75 InstaPoints as soon as you Sign Up.

InstaPoints are loyalty points that you can redeem against your transactions to give you a discount.

More The InstaPoints, More The Discount.

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