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InstaReM Announces the Appointment of its New CTO Nilesh Pathak

• InstaReM has appointed a new CTO, Nilesh Pathak to lead InstaReM’s technology teams divided between India and Lithuania

August 9, 2018

  • InstaReM has appointed a new CTO, Nilesh Pathak to lead InstaReM’s technology teams divided between India and Lithuania

  • Pathak comes to InstaReM with 20+ years’ of solid experience of building high-quality software

  • The appointment comes off the back of InstaReM’s launch Europe and is a further statement of intent from InstaReM in its quest to offer frictionless cross-border money transfer experiences to individuals as well as corporates and SMEs

August 2018: InstaReM, Southeast Asia’s leading cross-border payments company, has announced the appointment of veteran technologist Nilesh Pathak as its Chief Technology Officer (CTO). As CTO, Nilesh will lead InstaReM’s technology teams divided between India and Lithuania and is tasked with strengthening InstaReM’s global technology framework.

Nilesh joins InstaReM from J P Morgan Chase & Co., where he headed the 200+ strong Regulatory Technology Group for 4 years and prior to that has worked with several other global firms. His induction is aimed at strengthening InstaReM’s existing technology capabilities, while developing new ones. With more than 20 years’ of experience behind him in building high-quality software, Nilesh will be using this wealth of experience to drive the firm’s technology strategy, architecture, development as well as infrastructure & development operations.

The appointment comes not long after InstaReM’s launch in Europe and is another signal of intent from the fast-growing remittance company. With its core FX technology capabilities and strong global banking partnerships, InstaReM has already established its presence as a digital cross-border money transfer fintech of choice in Southeast Asia.

Prajit Nanu, Co-founder and CEO of InstaReM said:

Technology is central to our business and we were looking for someone with deep understanding of financial transactions, technology and global regulatory environment. With his strong credentials, I am confident Nilesh will successfully drive InstaReM’s technology capabilities to the next level.”

Nilesh Pathak, new CTO of InstaReM added:

I am excited about my new role at InstaReM, a fintech start-up that is disrupting the cross-border money transfer business with its innovative business model. With my extensive experience, I am looking forward to strengthen InstaReM’s technology back-end for a frictionless cross-border money transfer experience to individuals as well as corporates and SMEs.”

About InstaReM

InstaReM is a Singapore-headquartered cross-border payments company. Founded in 2014, InstaReM is licensed as a Money Services Business in Singapore, Hong Kong, Australia, Malaysia, India, Europe and USA. InstaReM has created a unique payment mesh in Asia, which is being leveraged by financial institutions, SMEs and individuals to make fast low-cost cross-border payments to more than 55+ countries. Since starting operations in 2015, InstaReM has raised US$ 18 million in two rounds of funding. Its investors include Global Founders Capital, Vertex Ventures (VC arm of Temasek Holdings), Fullerton Financial Holdings, GSR Ventures and SBI-FMO Emerging Asia Financial Sector Fund.

For more details please visit www.instarem.com

For media enquiries, please contact:

Ashok Rambhia

arambhia@instarem.com

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