Founded in 2014 by Prajit Nanu and Michael Bermingham, InstaReM started as a fintech company focused on providing fast, low-cost international money transfers. Its mission was to make cross-border payments more transparent and efficient compared to traditional banking systems. In 2019, the parent company rebranded to Nium to reflect its expanded B2B offerings, which include a global payments platform for enterprises. InstaReM now operates as the primary consumer and SME-focused brand under the Nium umbrella, leveraging Nium's extensive payment network and regulatory licenses to offer its services worldwide.

Founded in

Singapore