About InstaReM
InstaReM is a company based in Singapore (Singapore) founded in 2014 by Mike Bermingham. InstaReM has raised $5 million across 3 funding rounds from investors including Vertex Ventures SG, CreedCap Asia Advisors and MDI Ventures. The company has 204 employees as of April 06, 2024. InstaReM operates in a competitive market with competitors including Payoneer, Wise, Ebury, Airwallex and Tipalti, among others.
- Headquarter Singapore, Singapore
- Employees 204 as on 06 Apr, 2024
- Founders Mike Bermingham
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Instarem India Private Limited
- Date of Incorporation 19 Dec, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.11 M (USD)140.55as on Mar 31, 2023
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Net Profit
$401.56 K (USD)23.77as on Mar 31, 2023
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EBITDA
-$4.97 K (USD)99.5as on Mar 31, 2023
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Total Equity Funding
$5 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Vertex Ventures SG
& 4 more
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Employee Count
204
as on Apr 06, 2024
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Funding Insights of InstaReM
InstaReM has successfully raised a total of $5M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in InstaReM
InstaReM has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Vertex Ventures SG, CreedCap Asia Advisors and MDI Ventures.
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Corporate-backed venture capital is directed toward fintech and cloud sectors.
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Venture capital fund focused on multiple sectors
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Investments in financial services targeting SME and Mass Market in Asia Pacific.
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Investor details for InstaReM
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Investments & Acquisitions by InstaReM
Investment portfolio details for InstaReM
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Financial Statements - InstaReM
Detailed financials for InstaReM
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Instarem Comparisons
Peer comparison for InstaReM
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of InstaReM
InstaReM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Payoneer, Wise, Ebury, Airwallex and Tipalti, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled for businesses via diverse payout methods.
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Cross-border remittances are enabled for individuals and businesses via apps.
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Forex risk management and payment solutions are provided for businesses.
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Cross-border payments are processed for businesses via tools and APIs.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Flywire is recognized as a global payments and software expert.
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Detailed competitors of InstaReM
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Latest news on Instarem
Complete news archive for InstaReM
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Frequently Asked Questions about InstaReM
InstaReM was founded in 2014.
InstaReM is headquartered in Singapore, Singapore.
InstaReM is a funded company, having raised a total of $5M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at InstaReM is 204.
Annual revenue of InstaReM is $4.11M as on Mar 31, 2023.
InstaReM was founded in 2014 in Singapore and operates in the fintech sector. Cross-border transfers are enabled through banking channels for individuals and businesses. Multiple currencies are supported for payment acceptance by businesses. Transaction histories are maintained for user reference. White label card solutions are provided to both segments. The platform is accessible via iOS and Android applications.
InstaReM has 5 investors. Key investors include Vertex Ventures SG, CreedCap Asia Advisors, MDI Ventures, Fullerton Financial Holdings, and Global Founders Capital.