Fintech startup Aspora secures $53 million in Series B

Aspora is the perfect example of how Indian entrepreneurs are building the financial infrastructure for tomorrow’s borderless world.

What is the news?

Aspora, a London-headquartered fintech serving global Indians, has raised $53 million in Series B funding co-led by Sequoia and Greylock, with Quantum Light Ventures participating.
The company serves 250,000 users and has grown transaction volume from $400 million to over $2 billion in just six months, helping users save over $15 million in fees.
This announcement marks the culmination of three rounds of funding raised over the past six months to the tune of $93 million.

Why is it interesting?

Founded by Parth Garg, who was born in India and spent his formative years in both India and Abu Dhabi before dropping out of Stanford to solve cross-border banking challenges he personally experienced.
The company is backed by notable angels including Balaji Srinivasan (Former CTO, Coinbase), Sundeep Jain (Former CPO, Uber), Prasanna Sankar (Co-Founder, Rippling) and Chad West, Former Global Head of Marketing and Communications, Revolut.
With operations spanning UK, UAE, and EU, and expansion planned to US, Canada, Australia, and Singapore by year-end, Aspora demonstrates how Indian entrepreneurial DNA creates scalable solutions for the 250 million global Indian diaspora, a market that contributes significantly to India’s economy despite being just 1% of the population.