Sunday, November 24

Tag: Instarem funding

InstareM Raises $41 mn Series C Funding Round
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...
Read More
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...
Read More