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.
Founded as InstaReM
InstaReM raised initial $500,000 USD in seed capital
Launched Australia operations
Received $5mn USD in Series A funding
Launched Singapore and Hong Kong operations
Received $13mn USD in Series B funding
Launched Malaysia operations
Received $21mn USD in the first close of Series C funding
Launched India, EU, UK and US operations
Received $20mn USD in the final close of Series C funding
Evolved into Nium
Launched Indonesia operations
Visa and BRI Ventures become Nium’s newest investors, joining GSR Ventures and Vertex in latest funding round.
Oustanding Digital Cross Border Money Transfer Service
ET Net FinTech Awards, 2017
Singapore Fintech Award
Singapore Fintech Festival, 2017
In the News
Prajit Nanu CEO and Co-Founder
Prajit Nanu is the Co-Founder and CEO of Nium, a global financial technology platform that aims to break currency borders by empowering businesses and consumers to send, spend, and receive funds anywhere in the world in a more convenient and transparent way.
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.
Our headquarters are in Singapore, but our team is spread across the globe.
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