Aspora raises $93m to simplify banking for global Indians

By Vriti Gothi

Aspora, a cross-border FinTech company formerly known as Vance, has raised $53 million in a series B funding round co-led by Sequoia and Greylock.

The firm announced it has raised a total of $93 million across three funding rounds, marking a pivotal milestone in its mission to modernise cross-border financial services and empower non-resident Indians (NRIs) worldwide.

At its core, Aspora is a comprehensive, borderless financial platform, from international transfers to cross-market banking, investment access, credit products, and tailored insurance offerings, Aspora is creating a banking system that fits the real-life needs of Indians living abroad.

Headquartered in London, with regional hubs in Dubai and Bengaluru, Aspora currently supports users in the UK, UAE, and EU, and is preparing for a major expansion into the nited States this July, followed by Canada, Australia, and Singapore by the end of the year.

The fundraise includes participation from premier global investors, including Sequoia Capital, Greylock Partners, Hummingbird Ventures, Soma Capital, Global Founders Capital, and Y Combinator. Esteemed angel investors such as Balaji Srinivasan (former CTO, Coinbase), Sundeep Jain (former CPO, Uber), and Chad West (former CMO, Revolut) have also backed Aspora, bringing deep sectoral expertise and strategic insight.

Luciana Lixandru, Partner at Sequoia Capital, said “Aspora is leading a critical evolution in diaspora banking one that integrates innovation, empathy, and scale. By enabling global Indians to bank, invest, and grow across borders, Aspora is bridging financial systems in a way few others have achieved. We’re proud to have led their Series A and are thrilled to co-lead Series B as they expand into North America and beyond.”