What is InstaReM?
Founded in 2014 and licensed as a Money Services Business, InstaReM is a Singapore-based financial technology company. It operates within the digital remittance and cross-border payments space, aiming to provide efficient and cost-effective solutions for individuals and businesses. The company's focus on leveraging technology to streamline financial transactions positions it as a key player in the evolving fintech landscape, particularly in facilitating international money transfers.
How much funding has InstaReM raised?
InstaReM has raised a total of $38M across 3 funding rounds:
Series A
$5M
Series B
$13M
Series C
$20M
Series A (2016): $5M with participation from Global Founders Capital, Fullerton Financial Holdings, and Vertex Ventures
Series B (2017): $13M led by GSR Ventures, Global Founders Capital, Fullerton Financial Holdings, and Vertex Ventures
Series C (2018): $20M supported by MDI Ventures, Beacon Venture Capital, Vertex Ventures, GSR Ventures Rocket Internet, and SBI-FMO Fund
Key Investors in InstaReM
MDI Ventures
MDI Ventures is a global multi-stage venture capital firm focused on investing in local founders and startups, particularly in Indonesia. With a total committed AUM of US$ 830 million and over 80 portfolio companies under management, the firm aims to drive innovation and digital transformation across various sectors.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
Beacon Venture Capital
Beacon Venture Capital is a Thailand-based Corporate Venture Capital Fund under KASIKORNBANK, focusing on the Southeast Asia market. The company aims to support and scale great technology companies sustainably.
What's next for InstaReM?
With substantial enterprise-level backing, InstaReM is poised for accelerated growth and innovation. The strategic capital infusion is expected to fuel further development of its payment infrastructure, expansion into new geographic markets, and enhancement of its service offerings. This investment signifies confidence in InstaReM's business model and its capacity to capture a larger share of the global remittance market, potentially leading to new product launches and strategic partnerships to solidify its competitive advantage.
See full InstaReM company page
