Fintech startup Aspora raises $53 million to transform banking for global Indians

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Here’s a structured list based on the provided information about Aspora:

Aspora Funding Details

  1. Startup: Aspora

    • Founded: 2022
    • Former Name: Vance

  2. Founders:

    • Parth Garg (CEO)

  3. Funding Rounds:

    • Series B:

      • Amount Raised: $53 million
      • Date: October 2024
      • Co-Leads: Sequoia Capital, Greylock
      • Other Participants: Quantum Light Ventures, Hummingbird Ventures, Soma Capital, Global Founders Capital, Y Combinator

    • Series A:

      • Amount Raised: $35 million
      • Date: December 2024
      • Leads: Sequoia Capital, Greylock
    • Seed Round:
      • Amount Raised: $5 million
      • Date: September 2024
      • Lead: Hummingbird Ventures

  4. Investors:

    • Lead Investors:
      • Sequoia Capital
      • Greylock
    • Other Participating Investors:
      • Quantum Light Ventures
      • Hummingbird Ventures
      • Soma Capital
      • Global Founders Capital
      • Y Combinator
  5. Notable Angel Investors:
    • Balaji Srinivasan (former CTO of Coinbase)
    • Sundeep Jain (former CPO of Uber)
    • Prasanna Sankar (Co-Founder of Rippling)
    • Chad West (former Global Head of Marketing and Communications at Revolut)

Summary

Aspora is a fintech startup focused on providing financial solutions for immigrants, with significant growth in transaction volume and user base. The company’s innovative approach and strong backing from prominent investors underline its potential in the diasporic banking segment.

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2025-06-16 11:05:44