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
***********
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Phone
*********
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Website
*********
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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
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series C - InstaReM | Valuation | MDI Ventures | |
| Feb, 2016 | Amount | Series A - InstaReM | Valuation | Vertex Ventures | |
| Nov, 2014 | Amount | Seed - InstaReM | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate-backed venture capital is directed toward fintech and cloud sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Investments in financial services targeting SME and Mass Market in Asia Pacific.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by InstaReM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - InstaReM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Instarem Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Flywire is recognized as a global payments and software expert.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Instarem
Frequently Asked Questions about InstaReM
When was InstaReM founded?
InstaReM was founded in 2014.
Where is InstaReM located?
InstaReM is headquartered in Singapore, Singapore.
Is InstaReM a funded company?
InstaReM is a funded company, having raised a total of $5M across 3 funding rounds to date.
How many employees does InstaReM have?
As of Apr 06, 2024, the latest employee count at InstaReM is 204.
What is the annual revenue of InstaReM?
Annual revenue of InstaReM is $4.11M as on Mar 31, 2023.
What does InstaReM do?
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.
Who are the top competitors of InstaReM?
Who are InstaReM's investors?
InstaReM has 5 investors. Key investors include Vertex Ventures SG, CreedCap Asia Advisors, MDI Ventures, Fullerton Financial Holdings, and Global Founders Capital.
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