Aspora

Aspora is a London-headquartered fintech company on a mission to modernise cross-border banking for the global Indian diaspora. Founded in 2022 by Parth Garg, it was built to address the high costs, friction and delays that non-resident Indians face when sending money home, managing finances across borders, or accessing Indian financial products from abroad. Using stablecoin infrastructure, Aspora processes international remittances instantly and at the real interbank exchange rate — dramatically undercutting the fees charged by legacy providers like Western Union or SWIFT-based bank transfers.

The platform has evolved rapidly from a remittance product into a full cross-border financial ecosystem for NRIs. Features now include bill payments for over 22,000 Indian billers via the Bharat Bill Payment System, rupee-denominated savings and investment accounts, multi-currency wallets, and a pipeline of NRE and NRO account services. Aspora's technology is built on stablecoin rails, enabling 24/7 settlement without intermediaries, and its product is designed to serve the entire financial life of an Indian living abroad — not just the moment of transfer.

By late 2025, Aspora had over 800,000 users and had processed more than $4 billion in transactions, saving its community over $25 million in fees compared to traditional remittance services. The company completed a $53 million Series B co-led by Sequoia Capital and Greylock Partners at a $500 million valuation, with backing from Hummingbird Ventures, Y Combinator, Balaji Srinivasan and other prominent angels. Aspora has offices in London, Dubai and Bengaluru and is expanding into the US, Canada, Australia and Singapore.