What is Aspora?
Financial services platform for immigrant diasporas, starting with low-cost remittances for non-resident Indians.
- Category
- Diaspora fintech
- Headquarters
- London, UK
- Founded
- 2022
- Employees
- 100+ estimated
- Total funding
- $93M disclosed
- Valuation
- $500M reported
What is Aspora?
Financial services platform for immigrant diasporas, starting with low-cost remittances for non-resident Indians.
Aspora is financial services platform for immigrant diasporas, starting with low-cost remittances for non-resident Indians. Public scale signal: 250,000+ NRIs, more than $2B processed volume, and more than $15M saved in fees reported by the company. The company operates in Diaspora fintech, where product credibility, data quality, compliance, customer trust, and speed of execution shape the market.
This profile uses public sources as of June 2026 and avoids inventing private revenue, undisclosed pricing, office lists, personal emails, or internal vendor stacks. Sequoia provenance is included where Sequoia lists the company, published a company profile, or is named in a financing announcement.
For sellers, the practical read is that Aspora buys around its operating model: FX spread, transfer fees, payment rails, treasury economics, and future diaspora banking products. Outreach should connect directly to executive priorities, measurable ROI, security review, and the teams that own the workflow.
What does Aspora offer?
Aspora offers Money transfers, Low-fee FX, NRI remittance corridor, Diaspora banking roadmap, Mobile app and related workflows.
- Money transfers· Remittance
- Low-fee FX· Payments
- NRI remittance corridor· Market
- Diaspora banking roadmap· Financial services
- Mobile app· Consumer product
- Fee savings· Value proposition
How does Aspora make money?
Aspora monetizes through FX spread, transfer fees, payment rails, treasury economics, and future diaspora banking products.
Aspora's public pricing view is: consumer remittance fees vary by corridor; no single SaaS price list. Where list prices are not published, this profile treats pricing as custom rather than inferring hidden rates or contract values.
The business model is FX spread, transfer fees, payment rails, treasury economics, and future diaspora banking products. Growth is driven by adoption, retention, usage expansion, product attach, geographic reach, and the ability to prove measurable customer value.
Seller signal: budget owners vary by purchase category, but finance, security, legal, procurement, product, engineering, operations, and the business sponsor usually need to align before larger contracts close.
Who leads Aspora?
Aspora is led by Parth Garg with Finance, compliance, and product leadership and a scaling operating team.
- Parth GargFounder and CEOFounder since 2022Leads Aspora strategy around diaspora financial services.
- Finance, compliance, and product leadershipRegulated fintech leadersScaling teamLikely owners for payments, licensing, risk, and expansion.
- Investor governanceSequoia, Greylock, YC, and other backersGrowth investorsVenture backing supports corridor and product expansion.
How do you contact Aspora's leadership?
Aspora does not publish verified personal executive emails in the reviewed sources. Use official contact, demo, support, investor, or careers routes instead of guessed personal addresses.
Personal executive email format not verified; use official company routesHow much funding has Aspora raised?
Aspora's funding/status view is $93M disclosed; latest valuation/status is $500M reported.
Aspora's disclosed capital history includes: 2022 Founded (Aspora begins as a diaspora fintech, formerly known as Vance.) 2024 Series A (TechCrunch reports a $35M Series A led by Sequoia and Greylock at a $150M valuation.) 2025 Volume acceleration (Aspora reports processed volume rising from $400M to more than $2B.) 2025 Series B (Aspora raises $53M co-led by Sequoia and Greylock, bringing total funding to $93M.) 2026 Diaspora banking expansion (Company continues building financial products for immigrant diasporas.)
The latest funding/status view is 2025 Series B; latest valuation/status is $500M reported. If valuation is not disclosed, this profile says so rather than using secondary-market guesses. For public, acquired, or pre-IPO companies, status and operating scale can be more useful than old private round labels.
Seller signal: funding indicates potential operating capacity, but not automatic budget. Tie outreach to the initiatives named in the round, the company's current scale, and procurement maturity.
How did Aspora get here?
Aspora reached its current stage through founding, financing, product expansion, and market traction milestones.
- 2022FoundedAspora begins as a diaspora fintech, formerly known as Vance.
- 2024Series ATechCrunch reports a $35M Series A led by Sequoia and Greylock at a $150M valuation.
- 2025Volume accelerationAspora reports processed volume rising from $400M to more than $2B.
- 2025Series BAspora raises $53M co-led by Sequoia and Greylock, bringing total funding to $93M.
- 2026Diaspora banking expansionCompany continues building financial products for immigrant diasporas.
Who are Aspora's competitors?
Aspora competes with category-specific vendors and adjacent platforms that solve parts of the same workflow.
- WiseGlobal low-cost transfer and multi-currency account platform.
- RemitlyConsumer remittance platform with strong migrant-corridor focus.
- Western UnionGlobal incumbent remittance network with broad cash and digital reach.
- Taptap SendMobile remittance app focused on diaspora corridors.
- XeFX and international money transfer platform.
Aspora — frequently asked questions
