Instapay Secures $3M to Expand Remittance Services Across Southeast Asia
- Instapay Technologies raised $3 million in a Series A2 round led by U.S. family offices and supported by existing investor ACA Investments to boost financial inclusion.
- The funding will enhance Instapay’s technology and expand offerings, including B2B remittance services via its Glyd Corporate Expense Management Platform.
A major milestone in its quest to improve financial inclusion has been reached by Malaysian fintech company Instapay Technologies Sdn Bhd, which successfully raised $3 million (MYR 13 million) in a Series A2 fundraising round.
The round, which was announced on June 18, 2025, showed strong faith in Instapay's premise.
It was headed by family offices in the United States with ongoing backing from current investor ACA Investments Pte Ltd, a Japanese company with headquarters in Singapore.
Instapay was established to assist unbanked migrant workers and their employers, providing a digital payment platform that includes a Mastercard and an e-wallet, facilitating bill payments, mobile top-ups, cross-border transfers, and payroll solutions.
With one of the best-rated e-wallet apps in Malaysia, the company, which is governed by Bank Negara Malaysia, has experienced quick growth.
By improving its technological infrastructure and enabling new product offerings, such as B2B remittance services through its Glyd Corporate Expense Management Platform, the additional funding will hasten Instapay's growth.
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In the rapidly expanding remittance industry, CEO Rajnish Kumar underlined the importance of funding in addressing working capital requirements and spurring innovation.
"This will help us manage the working capital needs of our growing business. We are a profitable and cash flow positive company, but this additional funding will accelerate our growth in our fast-growing remittance business." Kumar stated.
Partner Hajime Adachi of ACA Investments emphasised Instapay's profitability and robust business momentum by pointing out its remarkable tenfold revenue increase since their original investment.
To solidify its position as a top digital remittance platform, the company intends to increase its geographic reach throughout Southeast Asia and beyond.
Instapay's most recent funding highlights Malaysia's growing fintech industry, which is being propelled by the growing need for easily accessible digital payment solutions, with an emphasis on SMEs and underserved populations.
Edited by Annette George
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