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

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

CBInsights_2

Winner

The Fintech 250

CB Insights 2020

New York

HighGrowth

Winner

High Growth Company

Financial Times 2021

United Kingdom

Awards

Winner

Oustanding Digital Cross Border Money Transfer Service

ET Net FinTech Awards, 2017

Hong Kong

Awards

Winner

Singapore Fintech Award

Singapore Fintech Festival, 2017

Singapore

Awards

Winner

Blockchain Innovator Award
Swell By Ripple, 2018
San Francisco
Awards

Winner

Fintech Rising Star Award
India FinTech Awards, 2017
Mumbai

In the News

Banking-as-a-Service: A universal plug for financial services

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

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
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.

OUR LEADERSHIP

Prajit Nanu

CEO and Co-Founder

Michael Bermingham

Chief Business Officer and Co-Founder

Pratik Gandhi

Chief Operating Officer

Rajesh Venkatesh

Chief Product Officer

Frederick Crosby

Chief Revenue Officer

Nilesh Pathak

Chief Technology Officer

Laurent Reichert

Chief Compliance Officer

Pratap Gopalakrishnan

Chief Experience Officer

Aditi Sholapurkar

Head of Strategy and Corporate Development

Yogesh Sangle

Global Head of Consumer & SME Business

Dana Nino

Senior Vice President, Growth; Customer Success & Partnerships

Prajit Nanu - CEO and co-founder

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

Australia

Melbourne

710 Collins Street Melbourne, VIC Australia 3008

Canada

Canada

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

India

India

Mumbai

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

Indonesia

Indonesia

Jakarta

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

Japan

Japan

Tokyo

Daiwa Shibuya Square 6F, 16-28 Nampeidaichou, Shibuya-ku Tokyo Tokyo 150-0036

Lithuania

Lithuania

Vilnius

Mėsinių g. 5, LT-01133, Vilnius Lithuania

Malaysia

Malaysia

Kuala Lumpur

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

Singapore

Singapore

Headquarters

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

United Kingdom

United Kingdom

London

33 Queen St. London EC4R, 1BR United Kingdom

USA

United States

Bedminster, NJ | Bellevue, WA

90 Washington Valley Road, Bedminster, NJ 07921 USA 855 106th Ave NE, Suite 101, Bellevue, WA 98004 USA