[ Instarem raises $13M in Series B ]

Instarem has raised $13 million in Series B funding.

Founded in 2014, Instarem provides cross border money transfer services for individuals and businesses. The remittance payment startup is mainly focused on peer-to-peer consumers and freelancers.

Instarem intends to expand into Europe and the US by the end of this year.

Funding  Series B
Founded  2014
Country  Singapore
City  Singapore, Central Singapore
Founder / CEO  Prajit Nanu
Deal Size  $13M
Investors  Global Founders Capital
 Silicon Valley Bank
 GSR Ventures
 SBI-FMO Fund
 Vertex Ventures
 Fullerton Financial Holdings
Previous Investors  Vertex Ventures
 Fullerton Financial Holdings
 Global Founders Capital