Aspora secures $50M in Series B funding to enhance remittance and banking solutions for the Indian diaspora.
Aspora secures $50M in Series B funding to enhance remittance and banking solutions for the Indian diaspora.
06/16/25, 5:14 AM
Money
$50 million
Industry
banking
lending
fintech
finance
financial services
Type
investment
Aspora has announced the completion of its Series B funding round, raising $50 million co-led by Sequoia and Greylock. This brings the company's valuation to $500 million as it continues to provide tailored financial services for non-resident Indians, aiming to enhance their banking experience.
Company Info
Additional Info
Aspora, formerly known as Vance, focuses on developing financial solutions for the Indian diaspora. The company aims to create a seamless banking experience tailored to non-resident Indians. By emphasizing remittance services, Aspora seeks to simplify access to financial products for its users. It has shown significant growth in transaction volume, reflecting strong demand for its offerings.