īy 2017, the company had begun to operate a cross-border payments platform targeted at business users, including banks and businesses. Instarem was incorporated based on the premise of instant online remittances. History įounders Prajit Nanu and Michael Bermingham developed a solution to provide transparent and secure cross-border remittances for overseas money transfers with close to live exchange rates. In 2016, the company introduced its B2B payments platform and rebranded as Nium in 2019, subsequently elevating Pratik Gandhi to co-founder in 2021. Initially founded by Prajit Nanu and Michael Bermingham, and launched as consumer-remittance platform Instarem in 2014. Nium is a Singapore-headquartered cross-border payments company. Asia Pacific, Canada, Europe, United States
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