Founded in 2014, InstaReM (short for Instant Remittance) is a Singapore-headquartered Fintech company providing fast, secure and cost-efficient digital cross-border money transfer services for individuals and businesses.

The company is currently licensed in Singapore, Australia, Hong Kong, Canada, Malaysia, India, European Union/United Kingdom and the United States. With InstaReM, businesses and individuals in these markets are able to reach out to 3.21 billion people in over 55+ countries worldwide.

In January 2015, InstaReM raised an initial US$500,000 in seed capital from Rocket Internet. In March 2016, InstaReM successfully raised a US$5 million Series A round led by Vertex Ventures, with participation from Fullerton Financial Holdings and Global Founders Capital.

In July 2017, InstaReM received another US$13 million investment of Series B funding, led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings and Global Founders Capital.

Overseas Money Transfers With Best Transfer Amount Guarantee

InstaReM (stands for Instant Remittance) provides cross-border payment and money transfer services for individuals and businesses. The Company is mainly focused on peer-to-peer consumers and freelancers. As a part of the transaction, InstaReM charges users an amount that covers the intra-day Forex fluctuations, without applying any additional transaction fees like banks.

InstaReM Advantage

Zero-Margin FX Rates

We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.

Fast & Easy Transfers

Sign up, verify your account and get transacting. Recipient typically gets the money in 1-2 business days.

Loyalty Points

Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.

Exposing the Zero Fee Myth

Many Banks and Money Transfer Operators (MTOs) claim to charge Zero Fees to their customers for overseas money transfers. In a research, we have found that such institutions add margins to their FX rates, and 'other charges', unknown to their customers.

At InstaReM we're transparent with you. There are no hidden charges. We charge only a nominal fee. And what's more, you get Mid-Market rates with no margins added.

Get Zero-Margin Exchange Rates

At InstaReM, we provide you Zero-Margin FX rates - mid-market rates sourced directly from Reuters, with absolutely no margins added! We also transparently display our remittance fee, and the exact amount that the recipient would receive.

Use InstaReM and start saving on international money transfers. With us, your money can now #domore! You can also track your desired FX rates by subscribing to our FX alerts.

The InstaReM 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!