Instapay Technologies named to CB Insights’ 2025 Fintech 100

The recognition follows the company’s recent $3million Series A2 funding round, underscoring its steady momentum in serving the underbanked and migrant workforce across Southeast Asia

Instapay Technologies, a Malaysian fintech focused on financial inclusion, has been named to CB Insights’ 2025 Fintech 100, recognising it among the world’s most promising private fintech companies.

The recognition follows the company’s recent $3million Series A2 funding round, underscoring its steady momentum in serving the underbanked and migrant workforce across Southeast Asia.

Instapay was included in the annual list—which features early- and mid-stage startups—for its innovative digital payment platform.

This platform enables corporates to pay salaries directly into their migrant workers’ Instapay e-wallets, providing them with access to formal payment channels, reducing transaction costs, and enabling digital cross-border remittance.

Founded with a vision to provide financial inclusion to underserved customer segments, particularly foreign migrant workers, Instapay has rapidly grown to service hundreds of corporates for payroll accounts. The company has built a digital payroll and remittance ecosystem that enables faster, safer, and more affordable access to financial services for those historically excluded from the traditional banking system.

Rajnish Kumar, chief executive officer of Instapay, welcomed the recognition.

We are delighted and honoured to be recognised by CB Insights and to be listed amongst the top 100 fintechs in the world, Kumar said. This recognition is a validation of our team’s work and the impact we are making in the communities we serve. We remain committed to introducing innovative financial products and services that are suitable and affordable for this segment.

Instapay’s e-wallet allows workers to manage digital cross-border remittances, bill payments, and mobile top-ups. Furthermore, the company issues a Mastercard that is accepted globally for purchases and ATM cash withdrawals.

Instapay’s inclusion in the CB Insights’ list highlights a growing trend of companies leveraging advanced technologies to build the new backbone of finance.