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.

Singapore Fintech Award
Nium group

Nium’s Evolution


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. 

Our Awards



Oustanding Digital Cross Border Money Transfer Service

ET Net FinTech Awards, 2017

Hong Kong



Singapore Fintech Award

Singapore Fintech Festival, 2017




Blockchain Innovator Award
Swell By Ripple, 2018
San Francisco


Fintech Rising Star Award
India FinTech Awards, 2017

In the News

This is the right time for global regulators to push for transparency in remittance fees: Prajit Nanu

Digital Payments Platform InstaReM Launches Cash Payout Option in the Philippines

Aspire Teams up with Visa and NIUM to Launch Payments Card for Businesses

Nium Partners with Visa Direct

InstaReM Rebrands To Nium, Launches Open Money Network

Our Investors

Vertex Ventures is a global network of operator-investors who manages portfolios in the U.S., China, Israel, India and Southeast Asia. The firm is a trusted partner to some of the world’s most innovative entrepreneurs.
Fullerton Financial Holdings
Fullerton Financial Holdings (FFH) specialises in financial advisory services with 9 entities in 8 different countries. FFH is a wholly-owned subsidiary of Temasek (Private) Holdings, an investment company that owns a S$313 billion portfolio.
GSR Ventures
GSR Ventures is a venture capital firm focused on early-stage technology companies. It currently manages $2 billion USD and RMB-denominated funds.
Rocket Internet
Rocket Internet develops and strategically invests in internet and technology companies globally, with a total valuation of 30 billion Euros.
Global Founders Capital (GFC)
Global Founders Capital (GFC) is a globally-oriented, stage agnostic venture fund that empowers entrepreneurs worldwide.
SBI Ven Capital, founded in 2007 and based in Singapore, is a private equity firm that invests in financial services and technology sectors across Asia.
FMO (Netherlands Development Finance Company), is the international development bank of the Netherlands. FMO’s mission is to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.
Beacon Venture Capital
Beacon VC is a wholly-owned corporate venture capital fund of Kasikornbank PLC, a leading commercial bank in Thailand with a large SME base.
MDI is the corporate venture capital initiative of multi-national telecommunications conglomerate Telkom Indonesia.
Atinum Investment is a top-notch Venture Capital firm established in 1988 in South Korea. Their investment philosophy revolves around the idea of finding the right intrinsic value of venture companies.
BRI Ventures (BV) is a corporate venture capital initiative backed by Bank Rakyat Indonesia, with headquarters in Jakarta, Indonesia. They aim to be the leading regional venture capital in financial technology.
Visa, Inc. is a global payments technology company working to enable consumers, businesses, banks, and governments to use digital currency.


Prajit Nanu CEO and Co-Founder

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 Offices

Our headquarters are in Singapore, but our team is spread across the globe.




710 Collins Street Melbourne, VIC Australia 3008



Coquitlam, BC

552A, Clarke Road, Suite 299, Coquitlam, BC Canada V3J 0A3

Hong Kong

Hong Kong

Hong Kong

Flat / RM 606, Hollywood Centre, 77 – 91 Queen’s Road West, Sheung Wan Hong Kong




1201-1205, B-Wing, Kanakia Wall Street Chakala, Andheri-Kurla Road, Andheri (East) Mumbai – 400 093 India




Conclave Working Space, Fairgound Building - LG SCBD Lot 14 JL Jend Sudirman No. 53, Senayan Jarkarta Selatan




Glass City Shibuya 6F 16-28 Nampeidai-cho, Shibuya-ku, Tokyo 150-0036




Mėsinių g. 5, LT-01133, Vilnius Lithuania



Kuala Lumpur

10th Floor, Menara Hap Seng, No. 1&3, Jalan P. Ramlee, 50250 Kuala Lumpur Malaysia




#20-05, Hong Leong Building, 16, Raffles Quay Singapore – 048581

United Kingdom

United Kingdom


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