Aspora gets $50M from Sequoia to build banking tools for Indian diaspora

The funding will help Aspora address challenges faced by Non-Resident Indians (NRIs), who send $125 billion to India annually but often rely on slow and costly remittance platforms.

Founded by Parth Garg, who has lived as an NRI for 15 years, Aspora began with a remittance product using stablecoins to offer faster, lower-cost transfers.

Credit: Greylock.

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Pranavi Sharma is a writer and journalist based in New Delhi. She is passionate about uncovering stories that explore the intersection of literature, culture and politics.

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