About Us
Building the Future of Open Money
Our Story
InstaReM began in 2014 with a vision to simplify the cross-border payments experience for consumers. While continuing to be an expert in consumer remittances, the team behind InstaReM expanded and scaled its offerings to meet the needs of SMEs, Financial Institutions, Enterprises, and even other payment service providers. That expansion included an innovative technology infrastructure that makes sending, spending, and receiving money across borders faster, more transparent, and better integrated with our customers’ lives and business needs. InstaReM is powered by the same platform that we offer our enterprise clients.
That platform is Nium.
Our network is powered by our portfolio of licenses, hard-earned by building trust with financial regulators in over 90 countries. This combination of regulatory and tech assets is unique to Nium and is at the core of our unique value proposition.
Nium’s Evolution
2014
Founded as InstaReM
2015
InstaReM raised initial $500,000 USD in seed capital
Launched Australia operations
2016
Received $5mn USD in Series A funding
Launched Singapore and Hong Kong operations
2017
Received $13mn USD in Series B funding
Launched Malaysia operations
2018
Received $21mn USD in the first close of Series C funding
Launched India, EU, UK and US operations
2019
Received $20mn USD in the final close of Series C funding
Evolved into Nium
Launched Indonesia operations
2020
Visa and BRI Ventures become Nium’s newest investors, joining GSR Ventures and Vertex in latest funding round.
Our Awards
Winner
The Fintech 250
CB Insights 2020
New York
Winner
High Growth Company
Financial Times 2021
United Kingdom
Winner
Oustanding Digital Cross Border Money Transfer Service
ET Net FinTech Awards, 2017
Hong Kong
Winner
Singapore Fintech Award
Singapore Fintech Festival, 2017
Singapore
Winner
Winner
In the News
Banking-as-a-Service: A universal plug for financial services
Singaporean FinTech platform Nium enters Middle East
Nium arrives in Mexico with its offer of international transactions in 15 minutes
Global fintech platform Nium receives UK EMI License
Standing Out with Invisible Payments: The Banking-as-a-Service Paradox
Nium Expands Visa Card Issuance Service in Europe
Our Investors
OUR LEADERSHIP
Prajit Nanu
CEO and Co-Founder
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Michael Bermingham
Chief Business Officer and Co-Founder
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Pratik Gandhi
Chief Operating Officer
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Rajesh Venkatesh
Chief Product Officer
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Frederick Crosby
Chief Revenue Officer
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Nilesh Pathak
Chief Technology Officer
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Laurent Reichert
Chief Compliance Officer
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Pratap Gopalakrishnan
Chief Experience Officer
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Aditi Sholapurkar
Head of Strategy and Corporate Development
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Yogesh Sangle
Global Head of Consumer & SME Business
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Dana Nino
Senior Vice President, Growth; Customer Success & Partnerships
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Prajit Nanu
CEO and Co-Founder
Prajit Nanu is the Co-Founder and CEO of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
Based in the company’s headquarters in Singapore, Prajit is responsible for expanding the company’s geographic reach and establishing Nium as a leading financial technology platform all over the world. He oversees not just Nium’s B2B arm of the business, but also its B2C platform InstaReM, powered by Nium’s technology. Prajit is also responsible for driving innovation in key markets that Nium has offices in, including Australia, Canada, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, United Kingdom, and the United States of America.
Prior to co-founding InstaReM and eventually Nium, Prajit held leadership positions in various global organizations. He was the Global Sales Director at TMF Group, a multinational professional services firm headquartered in Amsterdam, and was the Vice President of Sales and Account Management at WNS Global Services, a business process management company.
Prajit holds a Bachelor’s in Commerce & Economics from the University of Mumbai.
Michael Bermingham
Chief Business Officer and Co-Founder
Michael is the Co-Founder and Chief Business Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
As Chief Business Officer, Michael is responsible for expanding the company’s geographic reach and establishing Nium as a financial technology leader in new markets beyond Asia. Based in the US, he drives Nium’s business strategy, sales, and retail and institutional partnerships to transform the way remittance is conducted. He is also responsible for monitoring capital requirements to ensure that Nium’s global offices are compliant in local markets.
Michael brings with him over 15 years of experience in the OTC derivatives, spot FX, and financial services industries. Prior to Nium, Michael was a Director at Gain Capital Forex.com Australia, where he managed all aspects of the company’s Australian entity from licensing and product implementation phases, through to live operations. Michael also led Gain Capital’s Operations and Compliance Teams in the UK and US in his decade at the company. Before that, he was at the Wall Street Technology Association where he spearheaded their Vendor Affiliate Program, enabling vendors to directly meet with clients which provided them opportunities to market their products and services.
Michael graduated from Monmouth University with a Bachelor of Science in Business Administration.
Pratik Gandhi
Chief Operating Officer
Pratik is the Chief Operating Officer of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
In his role as Chief Operating Officer, Pratik is responsible for the Finance, Legal, Operations & Customer Service functions. He drives focus on Nium’s financial and legal requirements across all global markets, and also leads the Operations and Customer Service teams, thereby guiding Nium’s efforts to deliver the promise of offering great services and experiences through its customer service centers and representatives.
Pratik brings over 25 years of leadership experience into Nium, having worked for companies such as Arthur Andersen, Xerox, PepsiCo and Telstra before specializing in banking in the last 15 years. Prior to joining Nium’s consumer and SME arm InstaReM in 2016, Pratik was Chief Financial Officer at Fullerton India Credit, a subsidiary of Singapore’s Temasek Holdings. He was also the Chief Finance Officer and Head of Portfolio Management at Standard Chartered Bank Singapore, and the Regional Chief Finance Officer for Consumer Finance Business at Citibank.
Pratik graduated with a Bachelor of Commerce (Hons) with Finance from the Shri Ram College of Commerce. He is also a Chartered Accountant and a certified Company Secretary.
Rajesh Venkatesh
Chief Product Officer
Rajesh is the Chief Product Officer of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
In his role, Rajesh is responsible for end-to-end product management for both direct to consumers and SME services under the InstaReM brand, and the enterprise platform for other clients to integrate and build upon. In addition, he leads product marketing and data analytics.
Rajesh brings extensive experience in the financial technology sector to Nium, having helmed global product marketing and technology roles in many leading fintech companies from when they were in start-up phase. Prior to his role at Nium, Rajesh was the Head of Product Management at Southeast Asia’s leading super app Grab’s payment arm GrabPay. Before that, he spent over a decade in PayPal where he held multiple senior roles driving consumer and business engagement in Asia Pacific, Latin America, and the US.
Rajesh graduated with a Bachelor of Engineering, specializing in Computer Engineering, from the University of Pune.
Frederick Crosby
Chief Revenue Officer
Frederick is the Chief Revenue Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world. Frederick leads the global Business Development, Marketing, and Communications teams that have helped inform and transform business models for banks, fintechs, and other platforms that needed new payment capabilities in this quickly evolving digital age, and that have made Nium one of the fastest-growing global fintechs in the payment space.
Frederick is a veteran in the cross-border payments and e-commerce space and has catapulted huge global businesses and customer bases at start-ups and enterprise companies alike. In the early days of PayPal, Frederick unlocked the potential of cross-border e-commerce by aligning eBay/PayPal’s massive supply/demand, and providing new functionality for global buyers and sellers to transact. At Western Union, he led a team that transformed digital remittances into the largest growth engine at the company to attain the #1 position in all their global markets. As CRO at Veem, Frederick joined a pioneering team bent on making global SMB bank payments into a five-minute affair. His sales and marketing teams built a network of over 170K SMBs around the world who could send and receive payments in a click, and the partnership team, in turn, brought the capability into the world’s largest small business accounting and e-commerce platforms.
Frederick’s passion for supporting global trade and payments stems from a belief that businesses should not let inter-regional regulations and complexities become barriers to better business models and global opportunity. Teaming with great coworkers, partners, and thought leaders, Frederick hopes technology can make global trade into a simple, unified market where business innovation can thrive.
Frederick is a Bay Area native who, along with his wife and kid, like to travel the world and bring their favourite recipes back home for later enjoyment.
Nilesh Pathak
Chief Technology Officer
Nilesh is the Chief Technology Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
A technologist with over 22 years of experience in building high- quality software for various businesses, Nilesh plays a critical role in leading Nium to be at the forefront of innovation within the financial technology space. In his role, Nilesh oversees the building and maintenance of Nium’s core technology platform that powers digital financial services for both businesses and consumers (via InstaReM), directing his team of technologists to drive massive growth at scale across a completely disruptive payments platform.
Prior to his role at Nium, Nilesh was a technology leader for multiple multi-national companies, including digital agency Dentsu (Isobar) and J.P. Morgan.
Nilesh graduated with a Bachelor of Engineering, specializing in Electronics, from the University of Mumbai. He holds a post-graduate diploma in Advanced Computing.
Laurent Reichert
Chief Compliance Officer
Laurent is the Chief Compliance Officer of Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
Based in the company’s headquarters in Singapore, Laurent is responsible for leading worldwide regulatory compliance across Nium’s entire product ecosystem, establishing standards and implementing procedures to ensure the compliance programs meet business priorities and regulatory expectations in all of the jurisdictions in which Nium operates. As part of the management team, Laurent provides strategic counsel on regulatory and enterprise risks so that management can make informed choices within an acceptable compliance and risk profile.
A well-seasoned compliance professional with over 15 years of experience in the financial industry, Laurent has held multiple leadership positions in leading fintech and financial institutions globally. This includes WorldRemit (Group Risk Director), Earthport (Head of Compliance, Americas), WorldPay and MoneyGram.
Laurent holds an MBA in Global Management from the Thunderbird School of Management from the USA. He graduated with a Bachelor of Science in International Business from Long Island University.
Pratap Gopalakrishnan
Chief Experience Officer
Pratap is the Chief Experience Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend and receive funds around the world.
As Chief Experience Officer, Pratap is responsible for the overall Employee Experience at Nium. He is charged with bringing holistic experiences to Nium and making it an intrinsic part of the company’s strategy and culture.
Pratap comes with over 20 years of experience in People and Organization transformation. His last assignment was with the Maersk Group, where he was heading human resources globally for its services business. He has managed Human Resources across countries including India, China, US, the Philippines and parts of Europe including UK. Pratap has spent half of his career in the fast-moving consumer goods (FMCG) industry, especially manufacturing and sales HR in organizations like Marico & PepsiCo. Later, he shifted to the IT/ITES sector in organizations like Tech Mahindra & General Electric (GE Capital & Genpact).
Pratap recently graduated in Executive Coaching with New Ventures West and is a practicing Coach and also certified in Leadership tools like The Leadership Circle, Hogan, MBTI, Situational Leadership II. He is a certified coach in both Existential Universal Mapper EUM I/O and Enneagram Coaching.
Pratap holds a Master in Personnel Management from the Symbiosis Institute of Business Management. He graduated with an LLB from I.L.S. Law College.
Aditi Sholapurkar
Head of Strategy and Corporate Development
Aditi is the Head of Strategy and Corporate Development at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
With significant experience in core fintech, investment banking, deal execution, and financial planning and analysis, Aditi has established herself and her team as a trusted partner and credible resource to external and internal stakeholders.
In her role, Aditi leads Nium’s global growth strategy and market expansion along with the firm’s fundraising efforts. Her team is instrumental in getting financial as well as strategic investors on board. They also focus on key deals and business partnerships.
Prior to joining Nium, Aditi was with Goldman Sachs in Hong Kong where she worked as an early-stage fintech investor, specializing in payments, wealth-tech, and alternative lending. Before moving to Hong Kong, Aditi was instrumental in setting up Paytm’s Payment Bank in India. She spearheaded financial product creation and roll-out and collaborated with senior leadership across top banks and NBFCs. Her global markets stints with Citi and BAML round out her resume with FX and equities experience.
Aditi received her MBA from the Indian Institute of Management Ahmedabad in India. She is also an Electronics and Communication Engineer and a massive nerd in general.
Yogesh Sangle
Global Head of Consumer & SME Business
Yogesh is the Global Head of Consumer and SME Business at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
Based in the company’s headquarters in Singapore, Yogesh is responsible for expanding Nium businesses across its completely disruptive fintech platform targeted at consumers and SMEs, InstaReM. This involves launching innovative products that will break currency borders and add value to a wide range of customer segments, while at the same time leading consumers and businesses to relook at how they move funds across borders.
Yogesh has led and managed the regional businesses for many well-known companies within the banking, cards and remittances sector, including PayPal, Citibank and MoneyGram. He has spearheaded the digital transformation for some of the global brands in the region, many of which were achieved through the right blend of digital, social and analytical skills – be it acquisition, conversion or experiential engagement.
Yogesh has an MBA from the University of Chicago (Booth School of Business), a Masters in Management Studies, specializing in Marketing from Jamnalal Bajaj Institute of Management Studies and initially graduated from the University of Mumbai with a Bachelor in Mechanical Engineering.
Dana Nino
Senior Vice President, Growth; Customer Success & Partnerships
Dana Nino leads Growth, Customer Success and Partnerships for Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.
In her role as SVP of Growth, Dana is responsible for the overall growth, retention and success of Nium’s clients via her leadership over Customer Success and the Solution’s teams. She is also responsible for building Nium’s channel partnership pipeline to scale the business.
Dana brings with her more than fifteen years of experience in the global payments space and has worked with numerous hyper-growth, early-stage companies providing cross-border solutions in the digital space. Having worked in many leading payments companies including PayPal, Cambridge Global Payments, Geoswift, Emergent Payments and Mastercard, Dana has built an extensive portfolio in leading the development and launch of complex, innovative solutions, and is particularly skilled in Go-To-Market strategies, enterprise sales, account management, partnerships and innovation.
Having helmed multiple global roles, Dana understands the nuances of working in different markets across the world, including emerging and high-growth markets such as China, India and Latin America.
Dana is a regular content contributor for leading payments publications and a guest speaker at global payments conferences and events. She earned her Bachelor’s degree from the University of Southern California in Los Angeles.
Our Offices
Our headquarters are in Singapore, but our team is spread across the globe.
Australia
Melbourne
710 Collins Street Melbourne, VIC Australia 3008
Canada
Coquitlam, BC
552A, Clarke Road, Suite 299, Coquitlam, BC Canada V3J 0A3
Hong Kong
Hong Kong
Flat / RM 606, Hollywood Centre, 77 – 91 Queen’s Road West, Sheung Wan Hong Kong
India
Mumbai
1201-1205, B-Wing, Kanakia Wall Street Chakala, Andheri-Kurla Road, Andheri (East) Mumbai – 400 093 India
Indonesia
Jakarta
Conclave Working Space, Fairgound Building - LG SCBD Lot 14 JL Jend Sudirman No. 53, Senayan Jarkarta Selatan
Japan
Tokyo
Daiwa Shibuya Square 6F, 16-28 Nampeidaichou, Shibuya-ku Tokyo Tokyo 150-0036
Lithuania
Vilnius
Mėsinių g. 5, LT-01133, Vilnius Lithuania
Malaysia
Kuala Lumpur
10th Floor, Menara Hap Seng, No. 1&3, Jalan P. Ramlee, 50250 Kuala Lumpur Malaysia
Singapore
Headquarters
#20-05, Hong Leong Building, 16, Raffles Quay Singapore – 048581
United Kingdom
London
33 Queen St. London EC4R, 1BR United Kingdom
United States
Bedminster, NJ | Bellevue, WA
90 Washington Valley Road, Bedminster, NJ 07921 USA 855 106th Ave NE, Suite 101, Bellevue, WA 98004 USA