Aspora, a FinTech startup building modern banking solutions for Indian diasporas, has raised a total of €80.2 million across three unannounced funding rounds over the past six months to expand across the EU, US, and Canada.
Aspora’s recent funding includes a €4.3 million Seed extension in September 2024 led by existing investor Hummingbird Ventures; a €30.2 million Series A round in December 2024 led by Sequoia Capital with participation from Greylock; and a €45.7 million Series B in May 2025 co-led by Sequoia and Greylock, with additional backing from Quantum Light. Notable angel investors across these rounds include Balaji Srinivasan (Ex-CTO of Coinbase), Sundeep Jain (Ex-CPO of Uber), and Prasanna Sankar (Co-founder of Rippling).
Luciana Lixandru, lead investor and new board member at Sequoia, noted: “From the moment we met Parth in a cramped Dubai hacker house, we knew he and Aspora were special. Parth is intensely focused, ambitious and decisive, and he’s turned his life experiences as part of the Indian diaspora into a compelling, global FinTech. Aspora is bringing diaspora banking into the modern age, enabling many millions to participate in the growth stories of their home countries. This isn’t just about digital banking, it’s about the new opportunities Aspora can create for immigrants all over the world.”
Aspora, which began as Vance and rebranded to Aspora in April 2025, was founded in 2022 by Parth Garg, who dropped out of Stanford to build the company. The company is currently headquartered in London with additional offices in Dubai and Bengaluru.
Aspora is on a mission to make it easier for global diasporas – starting with the Indian diaspora – to access cross-border financial services. The company currently serves 250,000 users and processes over €1.7 billion in remittance volume, up from €345million at the time of its Series A just six months ago.
To date, Aspora’s users have reportedly saved €12.9 million in fees by using the platform.
Operating in the UK, the UAE and the EU region, Aspora is set to launch in the US in July, followed by Canada, Australia and Singapore by year’s end. Beyond remittances, the company is developing products that enable users to bank across countries, invest in multiple asset classes, and access credit and insurance internationally.
“We were proud to be among Aspora’s first believers by leading their Series A late last year and after seeing the team drive payment volume to $2 billion, we’re excited to double down and co-lead their Series B as they scale and expand into the U.S., Canada and Europe,” added Lixandru.
As it prepares to expand into North America and beyond, the team continues to scale rapidly to meet growing demand and build a borderless financial ecosystem for global communities.
Read the orginal article: https://www.eu-startups.com/2025/06/london-based-aspora-secures-e802-million-over-six-months-to-scale-diaspora-banking-solutions-globally/
