USA 
IND 
UK 
PHL HIGHLIGHTS
Founded in 2014, InstaReM (short for Instant Remittance) is a Singapore-headquartered Fintech company providing fast, secure and cost-efficient digital cross-border money transfer services for individuals and businesses.
The company is currently licensed in Singapore, Australia, Hong Kong, Canada, Malaysia, India, European Union/United Kingdom and the United States. With InstaReM, businesses and individuals in these markets are able to reach out to 3.21 billion people in over 55+ countries worldwide.
In January 2015, InstaReM raised an initial US$500,000 in seed capital from Rocket Internet. In March 2016, InstaReM successfully raised a US$5 million Series A round led by Vertex Ventures, with participation from Fullerton Financial Holdings and Global Founders Capital.
In July 2017, InstaReM received another US$13 million investment of Series B funding, led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings and Global Founders Capital.
WHY INSTAREM?
InstaReM is a disruptor to traditional remittance firms. Here’s why:
- Transparency: InstaReM’s transaction charges are shown before you make the remittance, unlike banks or traditional remittance firms which charge an FX spread (the difference between the inter-bank currency conversion rate and the rate quoted by the bank or money transfer company) in addition to the transaction fee.
- Comparative transaction charges: InstaReM offers transparent Zero-Margin FX rates. It offers mid-market rates sourced directly from Reuters and does not add any margins on FX at all, unlike most banks and money transfer services. The company just charges a nominal fee (between 0.25-1%) to cover the costs of processing the transactions. InstaReM ranks as the most cost-effective money transfer service in a number of corridors originating from Asia-Pacific in the World Bank’s Remittance Price Worldwide database.
- Speed of transaction: InstaReM is able to transfer funds typically within 24 hours in Asia, compared to the average two to four days transfer by banks.
- Wide reach: InstaReM can send funds to over 3.21 billion people in their local bank accounts across the globe. Businesses and individuals from Australia, Hong Kong, Singapore, Malaysia, India, EU and the US are able to remit money to 55+ countries worldwide.
- Bulk payments: Corporations/SMEs use InstaReM's MassPay platform to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process.
FAST FACTS
- Reaching over 3.21 billion people across 55+ countries
- Partner network of 8000+ banks globally
- Growing team of 150 employees across eight global offices
FEATURES (Currently showing rates for USA to IND change )
- Online Transfer
- ACH Transfer
- Wire Transfer
EDITORIAL REVIEW
USER REVIEWS
It’s one of the worst service where they cancelled my transaction since I don’t have a mobile number with my name. Can’t imagine when they have information about my Social, DL, amount was debuted from my checking account. They still say I need to have mobile number with my name. When I questioned, what’s the purpose having mobile number, they don’t have any answer for it. Moreover for any question you ask, they say we will respond in 24 hours. This digital fast age who wanna wait for one day for answer for simple question.
2 It’s one of the worst service where they cancelled my transaction since I don’t have a mobile number with my name. Can’t imagine when they have information about my Social, DL, amount was debuted from my checking account. They still say I need to have mobile number with my name. When I questioned, what’s the purpose having mobile number, they don’t have any answer for it. Moreover for any question you ask, they say we will respond in 24 hours. This digital fast age who wanna wait for one day for answer for simple question.
2 Transfer was quick. Good service. Use Code DOMORE25 with below link for <external link removed> for $25 and 775 instapoints($20 worth).
0 Transfer was quick. Good service. Use Code DOMORE25 with below link for https://www.instarem.com/invite/UmDUg4 for $25 and 775 instapoints($20 worth).
0 Agree this is not easy and direct as other money transfers.But it still took me only 4 days to complete transfer. It could be 2 to 3 business days for subsequent transfers.You need not wire the funds. Use ACH transfer with Zelle here in USA.That is free.I have tried many transfer portals, but Instarem truly gives you great value for each dollar you transfer.Amazing rates. I will use it again.And their customer support was gr8 too.To Summarize, if you want fast transfers , go elsewhere. If thats not your concern , for best rates go with Instarem.
2 
Agree this is not easy and direct as other money transfers.But it still took me only 4 days to complete transfer. It could be 2 to 3 business days for subsequent transfers.You need not wire the funds. Use ACH transfer with Zelle here in USA.That is free.I have tried many transfer portals, but Instarem truly gives you great value for each dollar you transfer.Amazing rates. I will use it again.And their customer support was gr8 too.To Summarize, if you want fast transfers , go elsewhere. If thats not your concern , for best rates go with Instarem.
2 It is not an easy process. First you have to initiate the transfer in InstaRem, then you need to add the bank details of InstaRem in your remittance bank. The whole process is also taking more time to transfer the funds. In the mean time, if there is any delay in clearing the funds from your bank, you won't get the same exchange rate who were given at the time of initiating the transaction.
1 It is not an easy process. First you have to initiate the transfer in InstaRem, then you need to add the bank details of InstaRem in your remittance bank. The whole process is also taking more time to transfer the funds. In the mean time, if there is any delay in clearing the funds from your bank, you won't get the same exchange rate who were given at the time of initiating the transaction.
1 Quick Service. Please use referral code: 6XyQWi to sign up and you will get extra discount along with COMPAREREMIT12.
0 Quick Service. Please use referral code: 6XyQWi to sign up and you will get extra discount along with COMPAREREMIT12.
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