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Fintech startup Aspora raises $53 million in Series B
Aspora, a fintech startup focused on helping immigrants with cross-border banking, just raised $53 million in Series B funding. Big names like Sequoia and Greylock led the round, bringing Aspora's total funding to $93 million. The goal? To make financial services smoother and fairer for people living away from home.
Aspora's mission is to streamline cross-border banking
Aspora helps non-resident Indians (NRIs) remit money to India using Google exchange rates—so no sneaky markups. They're already up and running in the UK, UAE, and EU, with plans to launch in the US, Canada, Australia, and Singapore by year's end.
Key numbers
Users: 250,000+
Transactions: Over $2 billion moved in just six months
Savings: Users have saved more than $15 million in fees