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December 9, 2025
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- Sun, 14 December 2025
Aspora, previously known as Vance, is a fintech startup focused on transforming banking services specifically for global Indians and Non-Resident Indians (NRIs).
The company recently raised $53 million in a Series B funding round, co-led by Sequoia and Greylock. Other participants in this round include Global Founders Capital and Soma Capital. Notable angel investors include Sudeep Jain (Former CPO of Uber) and Balaji Srinivasan (Former CTO of Coinbase).
Aspora has raised a total of $99 million across three main funding rounds:
In addition, the company secured $5.8 million in its first interstitial funding, bringing the total capital raised to $104.8 million.
Parth Garg, the founder and CEO of Aspora, launched the platform to address the challenges of international banking, particularly for Indians living abroad.
Aspora’s vision is clear and simple: to provide easy cross-border transactions and a seamless banking experience.
The company is primarily based in the UAE, with active operations in the United Kingdom (UK) and the European Union (EU).
Its core mission is to make banking affordable, simple, and trustworthy.
Aspora aims to craft a human-first user experience, reduce cross-border expenses, and continuously seek “Aha-moments”—reflecting its curiosity, learning, and outcome-driven innovation culture.
Aspora has already earned the trust of over 2 lakh NRIs and has processed more than $2 billion in transactions in the last six months alone.
Even more impressive, users have saved an average of $31.20 per transaction, resulting in total savings of $15 million, largely due to the platform’s zero-fee transfers from the UAE.
Aspora is on a mission to become the go-to financial platform for the global Indian diaspora. It is building a full-stack cross-border financial ecosystem that includes services such as banking, credit, insurance, and investment access across multiple regions.
The company aims to expand into major global markets including the United States, Canada, Australia, and Singapore by the end of 2025.
[This content is for informational purposes only and does not constitute legal, financial, or investment advice. This has been constituted based on third-party sources. We do not assume any liability for actions taken based on this information.
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