Remittance is the business of earning trust: InstaReM’s Prajit Nanu

The clear-headed, straight-talking founder and CEO of InstaReM Prajit Nanu looks like a man in a hurry. Talking about his global expansion plans, upcoming round of Series C investment, moving into a new bigger office, teams across the world, with a cool determination of a batsman determined to score his century in a crucial fifty-over game of cricket. An analogy Prajit wouldn’t mind, considering his love for the game he plays every weekend.  

InstaReM is a remittance service, which makes it easy for consumers, small and medium enterprises and financial institutions to transfer money across countries at a very attractive fee.   

“We wanted to build something which is low-cost, fast and actually does a lot of work to improve the livelihood of people who are sending money,” says Prajit the Singapore based NRI, explaining InstaReM’s core proposition. “World Bank acknowledges us as the lowest cost operator”.

In an exclusive @Work interview with Connected to India Prajit shares his startup journey, philosophies of life he values, the importance of family and friends and lots more.

 

NRI
Author
Punam Sharrma
Punam Sharrma – Co-founder and Head of Content

Punam is an accomplished Broadcast Professional with over 21 years of hands-on experience in Broadcast Industry, anchoring news and sports-based programs targeted at Asian audiences. A Chevening Scholar at Cardiff University, she worked as an Editor, Anchor and Producer for organisations like ESPN, TV Today and India Today. Recognised as the first Indian female news anchor for international sports broadcaster at ESPN. Out of box thinker with innovative programming initiatives that led to winning of prestigious awards.

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