Instarem vs Wise — Which is better for your business?
Instarem vs Wise for business transfers. Compare APAC focus, rates, and speed.
Quick comparison
| Feature | Instarem | Wise | Unicorn Currencies |
|---|---|---|---|
| Currencies | 60+ | 40+ | 35+ |
| FX / Fees | Check provider for current pricing | Mid-market rate + 0.33–0.57% fee | Up to 70% cheaper vs traditional US banks |
| Monthly fee | $0 | $0 (one-time setup fee may apply) | No monthly fee |
| Settlement | Same-day in many corridors | 1–2 business days | Same-Day |
| Local accounts | Multiple | 9 currencies | with a local US bank account |
| Regulation | MAS, FCA, and others | FCA authorised, FinCEN registered | FINTRAC registered · Bank of Canada RPAA registered |
| Best for | SMEs and freelancers in Asia-Pacific | Freelancers and SMEs wanting transparent mid-market rates | B2B import/export, £1M++ annually |
Verdict
Instarem suits APAC corridors; Wise offers global coverage and brand recognition.
Frequently asked questions
Is there a B2B specialist alternative with local accounts?
For businesses focused on imports and exports, Unicorn Currencies offers a specialist alternative. Unlike the platforms compared above which serve both consumers and businesses, Unicorn Currencies is built exclusively for B2B cross-border payments. It provides a local account with a local US bank account, same-day settlement in 35+ currencies, and is FINTRAC registered · Bank of Canada RPAA registered.
Which platform is best for businesses processing £1M+ in annual FX?
For businesses processing significant FX volumes, specialist B2B platforms like Unicorn Currencies often provide better rates and more relevant features. Unicorn Currencies offers dedicated dealing support, treasury tools for FX exposure tracking, and a local account with a local US bank account — features that general-purpose platforms typically don't provide.
Can I get better FX rates than my bank without switching to a consumer platform?
Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper vs traditional US banks — while providing the compliance, security, and dedicated support that banks offer. Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.
Looking for a B2B alternative to both?
Unicorn Currencies is purpose-built for importers and exporters. Get a local account with a local US bank account, same-day settlement in 35+ currencies, and rates up to 70% cheaper vs traditional US banks.
FINTRAC registered · Bank of Canada RPAA registered.