Tagged: prajit nanu

July 27, 2021 @ 7:48 am By Omar Faridi  |  

Nium, an established B2B payments platform, reveals that they’ve acquired $200+ million through a Series D round that was led by Riverwood Capital – a U.S.-based “high-growth” technology investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and various… Read More

July 10, 2021 @ 8:01 pm By Omar Faridi  |  

Nium, a global payments platform, reveals that it has entered a definitive agreement to acquire Wirecard Forex India Pte. Ltd, which serves as a foreign currency exchange, pre-paid card, and remittance service provider for Indian markets. Wirecard Forex has been licensed by the Reserve Bank… Read More

August 31, 2020 @ 9:47 am By JD Alois  |  

Nium, a Fintech payments platform, has received an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA) to issue e-money and provide cross-border digital payment services in the UK. Nium, based in Singapore, currently offers services in many different countries and reports… Read More

May 6, 2020 @ 9:43 pm By Omar Faridi  |  

Fintech firm Nium revealed on May 5, 2020 that it had managed to secure a new round of equity funding. The company’s round received contributions from new investors BRI Inventures, the corporate venture division of Bank BRI of Indonesia, and payments giant Visa. Nium’s latest… Read More

December 10, 2019 @ 10:35 pm By JD Alois  |  

Payments and transfer Fintech InstaReM, part of the  NIUM payments platform, has added an electronic-Know Your Customer or “e-KYC”. InstaReM’s e-KYC eliminates the need for in-person checks. The service is now available in Malaysia has enabled by the central bank the Bank Negara Malaysia (BNM)…. Read More

November 20, 2019 @ 11:51 pm By JD Alois  |  

Nium, previously operating as InstaReM, has enlisted another partner. Today, Nium has announced an agreement with PhillipBank in Cambodia to provide digital cross border payments for enterprises and financial institutions. Prajit Nanu, co-founder and CEO of Nium said they are delighted to be working together… Read More

October 27, 2019 @ 11:38 pm By JD Alois  |  

InstaReM, a fast-growing payments Fintech, is rebranding as “Nium.” The InstaReM brand will be maintained as a remittance platform powered by Nium which is being positioned as the “first global payments platform to enable businesses to send, spend and receive money from around the world.”… Read More

October 1, 2019 @ 10:52 pm By JD Alois  |  

Mumbai-based Airpay Payment Services, a payments platform, has announced a partnership with InstaReM, one of the world’s fastest-growing digital cross-border payments companies. The new partnership will launch “FX Payment”, an international payments solution for its merchants. Airpay’s “FX payment” is an alternative to credit cards… Read More

September 18, 2019 @ 8:24 am By JD Alois  |  

InstaReM a payments and money transfer Fintech has launched its services in Canada. InstaReM is one of the largest digital cross-border payments providers globally, with regulatory licenses in eight markets and covering 40 countries, reaching 3.2 billion people in developed and developing countries. In Canada,… Read More

September 3, 2019 @ 8:39 pm By JD Alois  |  

InstaReM is out with a note regarding a report published by the Australian Competition & Consumer Commission (ACCC) on cross border payments/money transfers. Ther ACCC report notes that while most consumers continue to use the big four banks in Australia to move their money, Instarem… Read More

March 18, 2019 @ 10:50 pm By JD Alois  |  

InstaReM, a payments platform operating in over 50 countries, has closed on a USD $ 41 million Series C funding round led by Vertex Growth Fund, their first investment in Southeast Asia. James Lee, MD of Vertex Growth Fund, will be joining the Board of… Read More

April 2, 2018 @ 3:18 pm By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Monday it has launched outbound money transfer operations from India. This is being done through InstaReM’s partnership with DCB Bank Limited, an Authorised Dealer Category-I Bank, as per the Reserve Bank of India (RBI)’s… Read More

March 15, 2018 @ 10:01 am By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Thursday it has extended its outbound money transfer operations to another important market, the European Union (EU). ), Prajit Nanu, the co-founder of the fintech start-up, revealed the exciting news at the Money20/20 Asia 2018… Read More

February 21, 2018 @ 8:21 am By JD Alois  |  

InstaReM, a southeast Asia’s digital cross-border money transfer service provider, has inked a strategic partnership with enterprise Blockchain payment solutions provider, Ripple. According to InstaReM, this partnership will facilitate quick and secure payouts for RippleNet members across Southeast Asia.  InstaReM is a Singapore-headquartered cross-border payments… Read More

January 3, 2018 @ 4:14 pm By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Wednesday its 2017 progress and 2018 goals. CEO and Co-Founder, Prajit Nanu, took to the company’s blog to reveal details about the past twelve… Read More

September 18, 2017 @ 11:42 am By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Monday it has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM stated its plans to… Read More

August 14, 2017 @ 8:00 am By JD Alois  |  

InstaReM (IE instant remittance), a company that claims 8% to 10% of remittance transactions between India and Australia, says it will be active in 34 European countries by next month. InstaReM says it is the largest digital cross border payments platform in Southeast Asia –… Read More

July 4, 2017 @ 9:25 am By JD Alois  |  

Singapore-based InstaReM, a digital cross-border payments company, is reporting it has just received a USD $13 million investment led by GSR Ventures, with participation from SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC). InstaReM said it intends to use the funding… Read More

December 7, 2016 @ 10:53 am By Jessica Pham  |  

Economic migrants rely on remittances to ensure that their families are well off at home and to maintain ties to their home countries.  Fees imposed by big banks and traditional remittance institutions eat into foreign workers’ hard-earned incomes, however, so startups focused on money transfers… Read More