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.


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.


  • Reaching over 3.21 billion people across 55+ countries
  • Partner network of 8000+ banks globally
  • Growing team of 150 employees across eight global offices


Today's Rate
$ Amount
₹ Exchange Rate
$50 - $999999999
Exchange Rate Type
Transfer Fee
Bank Account
$ Amount
₹ Fee
Up to $999999999
Transfer Time
Bank Deposit
2 Days
Transfer Type
  • Online Transfer
  • ACH Transfer
  • Wire Transfer
Daily Transfer Limit
Customer Service Info
+1 888-409-3307
Company Headquarter
Company Type
Remittance Providers
Mobile App
Company Established
Text Update (SMS)
Email Updates
Provider's FAQs
Referral Program
Key Feature
Document Requirements
Either SSN or Following Docs- Passport, Utility Bill, Bank Statement, Driving License.


No review available.


Posted on September 22, 2018, 12:13 am

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.

Posted on September 20, 2018, 09:51 pm

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.

Tushar Jain
Posted on September 16, 2018, 11:43 pm

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