What is InstaReM?
Founded in 2014 and licensed as a Money Services Business, InstaReM operates from Singapore, providing digital remittance services. The company has established itself as a key player in the fintech landscape, facilitating cross-border transactions with efficiency and competitive pricing. Its strategic investments indicate a strong focus on scaling its operations and enhancing its technological infrastructure to meet the growing demand for 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 Vertex Ventures, Global Founders Capital, and Fullerton Financial Holdings
Series B (2017): $13M led by Global Founders Capital, Vertex Ventures, GSR Ventures, and Fullerton Financial Holdings
Series C (2018): $20M supported by Vertex Ventures, SBI-FMO Fund, Beacon Venture Capital, GSR Ventures Rocket Internet, and MDI Ventures
Key Investors in InstaReM
Vertex Ventures
Vertex Ventures is an early-stage venture capital firm specializing in B2B software and the digital economy, providing operational insights and extensive resources to its portfolio companies.
Beacon Venture Capital
Beacon Venture Capital is a Thailand-based Corporate Venture Capital Fund focused on scaling technology companies in Southeast Asia, leveraging expertise in mobile banking and the SME market.
MDI Ventures
MDI Ventures is a global multi-stage venture capital firm investing in Indonesian startups, with a focus on driving innovation and digital transformation across various sectors.
What's next for InstaReM?
With the recent influx of major strategic investment, InstaReM is poised for accelerated growth. The company is likely to leverage this capital to expand its service offerings, enter new geographic markets, and further develop its proprietary technology. The sustained backing from prominent investors suggests confidence in InstaReM's business model and its potential to disrupt traditional remittance services. Future developments may include enhanced compliance measures, partnerships with financial institutions, and the introduction of new digital financial products.
See full InstaReM company page
