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InstaReM rebrands to Nium, World’s First Global Enterprise Payments Platform

30Oct By AdityaNo Comments

News

InstaReM rebrands to Nium, World’s First Global Enterprise Payments Platform

Singapore, 30 October 2019: Leading digital cross-border payments provider InstaReM is rebranding to become part of Nium. Headquartered in Singapore, Nium is the global payments platform to enable businesses to send, spend and receive money from around the world, in addition to empowering them to develop their own products that simplify cross-border payments. Nium’s ambition is to create a world of ‘Open Money’ where everyone’s money is free for them to use whenever, wherever and however they wish. The launch of Nium was announced at the Money 2020 USA event in Las Vegas on 27 October 2019. Prajit Nanu, the India-bred Co-Founder and CEO of Nium said, “As we look to the future, our strategy is to move beyond merely creating services on our own proprietary platform. We have worked ...

Global Startup revolution in 2019 – A report by InstaRem

24Apr By NitishNo Comments

Story

Global Startup revolution in 2019 – A report by InstaRem

InstaReM explores some of the most surprising facts and stats about the global startup ecosystem and the disruptive revolution it has brought into the business world. Singapore, 24 April 2019- Before we start, A startup in simple terms is a company in its early stages of business development. So let us find out the world’s most valued startup, countries with the highest number of startups, wacky ideas that made millions and more As you can see in the photo below from InstaReM’s Master Infographic on Global Startups, the United States of America leads the world in terms of the number of startups, followed by India and the United Kingdom securing the second and third ranks respectively (Source: CB Insights Data). The United States also leads in the highest number of Unicorns’ (Priv...

Facts You Must Know Before Moving Abroad as an Expatriate

27Mar By AnkitaNo Comments

BLOGS

Facts You Must Know Before Moving Abroad as an Expatriate

InstaReM explores some of the most surprising facts influencing the expatriates on several factors living around the world. There are 66.2 million expatriates across the world. This number is expected to grow at at a compounded annual rate of 7.2 % to 87.5 million in 2021 according to a research report by Finaccord. From moving abroad for education or work to settling abroad with your spouse or even moving for a romantic interest, there are multiple reasons that contribute to this increase in expat population. Before deciding to settle in a particular country, one must know about the quality of life and work, payscale for expat employees, things to do before moving etc. InstaReM, a cross-border payments company has compiled years of research on expat requirements and prefe...

19Mar By AdityaNo Comments

FUNDING

InstareM Raises $41 mn Series C Funding Round

InstaReM, Southeast Asia’s hottest digital cross-border payments company has announced the close of its US$ 41 million Series C funding round.The latest round of funding is led by Singapore’s Vertex Growth Fund (their first investment in Southeast Asia) and is supported by a new investor Atinum Investment, a leading Venture Capital investor from South Korea.The proceeds of this round will be used to drive growth in new markets, and to drive growth in existing and new market and support the launch of new products (including a cards platform). London, 19 MARCH 2019: InstaReM, Asia’s only digital cross-border payments company closes US $41 million Series C funding round in Singapore. The company’s spectacular growth has attracted an additional US $20 million investment in Series C round, l...

Using This Service, You Can Send Multiple Currencies in One Click

2Jan By AnkitaNo Comments

Story

Using This Service, You Can Send Multiple Currencies in One Click

InstaReM, Southeast Asia’s leading money transfer service, has introduced a new feature to its money transfer platform that enables Small & Medium Business (SMB) users to make payments in multiple currencies in one go. Businesses making regular payments overseas to vendors, suppliers and service providers, can now do so more quickly, transparently and at Zero-Margin FX Rates with InstaReM. Until recently, the business customers making multiple payments had to set up individual transactions for each payment and execute them one by one, requiring additional time and effort. With the ability to set up multiple transactions in one go, a business user can now make transfers to multiple beneficiaries in multiple currencies at the click of a button. There are no setup fees or month...

24Nov By Gauri SinghNo Comments

FUNDING

Top Five Funding of the Week (19th Nov – 24th Nov)

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of the last week that started from 19th November and lasted till 24th November. 1) Geek+ Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product devel...

Singapore-based Fintech Firm Instarem Raises $20 million

22Nov By Gauri SinghNo Comments

FUNDING

Singapore-based Fintech Firm Instarem Raises $20 million

Singapore based cross border fintech startup Instarem has reportedly raised an amount of over $20 million in Series C funding round. This round was led by the VC arm of Indonesian telecom operator Telkom, MDI Ventures and the fund belonging to Thai bank Kasikorn, Beacon. Along with this, existing investors such as Vertex Ventures, GSR Ventures Rocket Internet and the SBI-FMO Fund also participated in this round. The funds raised through the round will be used by the company majorly for global expansion. With this round, the total funding of the company has reached nearly $40 million to date. “We are a the stage where the color of the money is very important,” CEO Prajit Nanu said. “It is very key to us that we bring people into the round who can add value to our business.” The comp...

Temasek’s Vertex Closes $210 Mn Fund For Southeast Asia, India

9Oct By reutersNo Comments

BUSINESS

Temasek’s Vertex Closes $210 Mn Fund For Southeast Asia, India

Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in southeast Asian and Indian startups, exceeding its original target size of $150 million. Vertex plans to continue its strategy of investing in early-stage technology companies in southeast Asia and India across enterprise technology, financial technology and consumer internet, it said in a statement. Vertex was an early investor in ride-hailing firm Grab. In July, Grab announced a $2.5 billion fundraising round, which a source said values it at $6 billion. ALSO READ Yahoo Says All 3 Bn Accounts Hacked In 2013 Data Theft Indian Government Makes Changes in GST, Relief to SMEs and Exporters Ve...