Announcing our $93mn fundraise: Transforming banking for Global Indians

Three years ago, our founder Parth Garg made a decision that would change the trajectory of his life—and the lives of hundreds of thousands of immigrants worldwide. He dropped out of Stanford to solve a problem that hit close to home: the frustrating, expensive reality of managing money across borders as part of the global Indian diaspora.

Today, we're thrilled to announce that Aspora has raised $93M across three funding rounds, marking a significant milestone in our mission to build modern banking solutions for global Indians.

The journey so far

What started as a vision in 2022 has grown into something truly special. Over 250,000 NRIs now send money with Aspora, and we have processed over $2B in volume—a five-fold increase from the $400M we were handling just six months ago. Most importantly, our users have saved over $15M in fees that would have otherwise gone to traditional remittance providers.

These aren't just numbers to us—they represent real families staying connected, students pursuing education abroad, and entrepreneurs building bridges between their adopted homes and countries of origin.

For Global Indians everywhere

From our headquarters in London and offices in Dubai and Bengaluru, we are already serving users across the UK, UAE and EU. But this is just the beginning. We will launch in the United States this July followed by Canada, Australia and Singapore before the end of the year.

Beyond remittances—we are building a financial ecosystem tailored to the unique needs of diaspora communities. Our users will soon be able to bank seamlessly across multiple countries, invest in diverse asset classes, and access credit and insurance products designed for their cross-border lives.

Our investors

We are honored to have partnered with investors who share our vision for the future of diaspora banking. This includes Sequoia Capital, Greylock Partners, Hummingbird Ventures, Soma Capital, Global Founders Capital and Y Combinator. We are also grateful for the support of remarkable angel investors including Quantum Light, Balaji Srinivasan (Ex-CTO of Coinbase), Sundeep Jain (Ex-CPO of Uber), Prasanna Sankar (Co-founder of Rippling), and Chad West (ex-CMO at Revolut), who bring invaluable experience and insights to our journey.

An investor’s perspective

"Aspora is bringing diaspora banking into the modern age, enabling many millions to participate in the growth stories of their home countries. We were proud to be among Aspora's first believers by leading their Series A late last year and after seeing the team drive payment volume to $2B, we're excited to double down and co-lead their Series B as they scale and expand into the U.S., Canada and Europe."

-Luciana Lixandru, Sequoia Capital

What's next

This funding allows us to expand faster into new markets, develop innovative products that serve our community's evolving needs, and continue building the financial infrastructure that diaspora communities deserve.

To our users who trust us with their financial journeys: thank you for being part of this story. To our team who works tirelessly to serve our community: this is just the beginning.

The future of diaspora banking is here, and we're building it together.