Technology Veteran Nilesh Pathak Joins InstaReM as its Chief Technology Officer

By siliconindia   |   Friday, 10 August 2018, 13:25 Hrs
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InstaReM, one of the leading cross-border payments company in Southeast Asia, appointed veteran technologist Nilesh Pathak as its Chief Technology Officer (CTO). He will be leading InstaReM’s 40+ strong technology team with an aim to drive the firm’s technology strategy, architecture, development and infrastructure operations.

Prajit Nanu, Co-Founder & CEO, InstaReM, says, “With its core FX technology capabilities and strong banking partnerships globally, InstaReM has strongly established its presence as a digital cross-border money transfer fintech of choice in Southeast Asia. Technology is central to our business and we were looking for someone with deep understanding of financial transactions, technology and global regulatory environment. With his strong credentials, I am confident Nilesh will successfully drive InstaReM’s technology capabilities to the next level.”

Prior to InstaReM, he was working for JP Morgan Chase Co., where he handled 200+ strong Technology Group for 4 years. Before that, he has been one of the co-founders of Visualize Technologies (now LBi India), where he was the man behind the success of digital marketing firm from a single-digit team to a 100+ strong organization. Adding up to more than 20 years’ of experience in building high-quality software, he previously worked for Isobar, Rave Technologies and the Centre for Development of Advanced Computing in various capacities.

“I am quite excited about my new role at InstaReM, a fintech start-up that is disrupting the cross-border money transfer business with its innovative business model. With my extensive experience, I am looking forward to strengthening InstaReM’s technology back-end for a frictionless cross-border money transfer experience to individuals as well as corporates and SMEs,” adds Nilesh.

Headquartered in Singapore, InstaReM was founded in 2014 and it has created a unique payment mesh in Asia, which is being leveraged by financial institutions, SMEs and individuals to make low-cost cross-border payments to more than 55+ countries. It has raised over $18 million in two rounds of funding.

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