Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
Nium CEO envisions a world where everyone’s money is free for them to use.
The fintech is looking for a partner bank to do so.
Singapore-based Instarem will provide digital money transfers to select markets.
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It will begin with corporates and fintechs in Singapore.
This latest round takes InstaReM’s total funds secured to $59.5 million, with an expected IPO in 2021.
This is the first close in its Series C round of $45 million.
Will use Ripple’s network RippleNet for action in Asia-Pacific and South America.
From the barter system to Bitcoin.
Instarem presents a series of infographics to find out what $1 can do for you.
Debunking some common myths about women and remittances.
Instarem to offer payouts for Ripple’s enterprise blockchain network members.
No quiet days, and no respite from the action. Our latest paytech round-up stars Instarem, Form3, Starling Bank, Optile and Worldpay. Singapore-headquartered start-up Instarem has expanded into Malaysia, “solidifying its presence” in Asia Pacific (APAC). The firm already has individual and corporate customers in Singapore, Australia and Hong Kong. Instarem says it has licences in […]
With a large chunk of the global workforce migrating to foreign countries in search of lucrative career opportunities or better living, the World Bank estimates that migrants will send up to $636 billion home in 2017, with three-quarters of that being remitted to developing countries. In 2015, $440 billion in remittances was sent back to […]
Singapore-headquartered start-up Instarem has entered the European paytech arena and will now provide international money transfer services from Vilnius in Lithuania. The Bank of Lithuania has issued an approval for the electronic money institution (EMI) licence. As reported last year, the bank, the country’s central bank and regulator, promised to provide preliminary answers to financial […]
There’s no lacking of backing. Our latest fintech funding round-up features Tide, Instarem and IntellectEU. UK-based mobile banking firm Tide, which launched in January, has raised $14 million in its Series A investment round. The round has been led by specialist fintech investor Anthemis, alongside Creandum, the Scandinavian fund that has backed companies including Spotify […]