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InstaReM nabs US$41m in Series C funding

The final close of US$20 million was led by Vertex Growth Fund, supported by new investor Atinum Investment from South Korea

Vivienne Tay

Published Tue, Mar 19, 2019 · 09:51 PM

Singapore

DIGITAL payments company InstaReM has closed a Series C funding round at US$41 million in Singapore. The final close of US$20 million was led by Singapore-based Vertex Growth Fund and supported by a new investor, Atinum Investment from South Korea.

The overall Series C round was completed in two phases, with the first US$21 million closed in late November last year, led by new investors MDI Ventures, the venture capital (VC) arm of Indonesia's Telkom, and Beacon Venture Capi…

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