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

     
    2015
  • Set up InstaReM in Australia

    Launched Australia Operations, focus on AUD-INR

     
    2015
  • Started operations in Australia

    Received US$ 5mn in Series A funding

     
    2016
  • Started operations in Singapore and Hong Kong

    Started operations in Singapore and Hong Kong

     
    2016
  • Received $ 13mn in Series B funding

    Received US$ 13mn in Series B funding

     
    2017
  • Received licenses for operations in the US

    Received license for US operations

     
    2017
  • Entered EU market with EMI license from Bank of Lithuania

    Entered EU market with EMI license from Bank of Lithuania

     
    2017
  • Received RBI approval for India-outbound remittances

    Received RBI approval for India-outbound remittances

     
    2017
  • Started operations in Malaysia

    Started operations in Malaysia

     
    2017
  • Team size reached 100 globally

    Team size reached 100 globally

     
    2017
  • InstaReM joining the Ripple net

    Joined RippleNet - to facilitate members’ payouts in Southeast Asia

     
    2018
  • Beetech Partnership

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

     
    2018
  • Launch of India Outbound

    Launched India-outbound operations

     
    2018
  • Launch of EU and UK Operations

    Launched EU, UK and US operations

     
    2018

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
Winner
At MAS Global Fintech Award
Singapore
InsrtaReM : MAS Global Fintech Award
Fintech Rising Star Award
At the India FinTech Awards (IFTA) 2017
InsrtaReM : MAS Global Fintech Award
2nd Runners Up
At Singapore FinTech Awards 2017
InsrtaReM : MAS Global Fintech Award
Outstanding Digital Cross-Border Money Transfer Service
At ET Net FinTech Awards 2017 in Hong Kong
We're Led By A Team Of Payment Experts
  • 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
  • Pratik Gandhi : Chief Business Officer
    Pratik Gandhi
    Chief Business Officer
  • Mahesh Koirala : Global Finance Controller
    Mahesh Koirala
    Global Finance Controller
  • AG Ramakrishna : Head of Institutional Business
    AG Ramakrishna
    Country Manager - India Outbound
  • Pratik Shah : Global Head of Marketing
    Pratik Shah
    Global Head of Marketing
  • Shobha Sawant : Global Head- Human Resources
    Shobha Sawant
    Global Head - Human Resources
  • Ray Parvish : General Manager- Malaysia
    Ray Parvish
    General Manager- Malaysia
  • Jennifer Naudin : Director Compliance - America
    Jennifer Naudin
    Director Compliance - America
  • Andy Wong : General Manager - North Asia
    Andy Wong
    General Manager - North Asia
  • Ali Zaidi : Head of Marketing- Europe
    Ali Zaidi
    Head of Marketing- Europe
  • Russell Curzon : Sales Head - Europe
    Russell Curzon
    Sales Head - Europe
  • Gita Amsiejute : European Compliance Officer
    Gita Amsiejute
    European Compliance Officer
  • Chee Wai Ho : Country Manager & New Product Director - Singapore
    Chee Wai Ho
    Country Manager & New Product Director - Singapore
  • Abhay Salitri : Head of Institutional Sales
    Abhay Salitri
    Head of Financial Institutions Business
  • Vinoth Manoharan : Country Manager - Australia
    Vinoth Manoharan
    Country Manager - Australia
  • Ivy Lun : Head of North Asia
    Ivy Lun
    Head of North Asia
  • Joji Mathew : Global Head of Finance
    Joji Mathew
    Global Head of Finance
  • Nilesh Pathak : Chief Technology Officer
    Nilesh Pathak
    Chief Technology Officer
Our Investors
We’ve Got The World Covered
  • InstaReM PTE Limited (Singapore) 7 Straits View, Marina One East Tower, #05-01, Singapore 018936
  • InstaReM PTY Limited (Australia) 710 Collins Street, Docklands, Victoria, 3008, Australia
  • InstaReM PTY Limited (Australia) 1/20 Queen Street, Melbourne, Victoria, 3000, Australia
  • InstaReM Malaysia Sdn.Bhd (Malaysia) Komune, Level 7 (Room number 54), Vertical Corporate Tower B, Avenue 10, The Vertical Bangsar South City, No 8 Jalan Kerinchi, 59200, Kuala Lumpur, Malaysia
  • InstaReM India Private Limited (India) 1201-1205, B-Wing, Kanakia Wall Street, Chakala, Andheri-Kurla Road, Andheri, East, Mumbai, Maharashtra 400092
  • InstaReM Limited (Hong Kong) Unit 8109, 10/F, MassMutual Tower, 33 Lockhart Road, Wanchai, Hong Kong
  • UAB InstaReM EU (Lithuania) Mesiniu 5, Vilnius, LT-01133, Lithuania
  • InstaReM Limited (UK) 33 Queen St. London EC4R, 1BR, UK
  • InstaReM Limited (USA) 90 Washington Valley Road, Bedminster, NJ 07921, USA
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