Full-Time
Updated on 8/23/2026
Cross-border payments platform with regulated entities
No salary listed
Bengaluru, Karnataka, India
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Aspora enables international money transfers by connecting individuals and businesses to regulated financial entities for cross-border payments and remittances. It routes transactions through trusted partners to ensure security and regulatory compliance, offering real-time exchange rates and transparent, competitive fees, while not holding client funds directly. It differentiates itself by using regulated routing through identified financial institutions and by giving users access to over 1100 Indian mutual funds, particularly for transfers to India. The goal is to provide secure, compliant cross-border payments with clear pricing and minimal hidden charges.
Company Size
201-500
Company Stage
Series B
Total Funding
$98.9M
Headquarters
San Francisco, California
Founded
2022
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Company Equity
Flexible Work Hours
Aspora, a US-based fintech company, has acquired a controlling stake in UAB Hokodo, a Lithuanian electronic money institution. The Bank of Lithuania approved the acquisition, which gives Aspora more than 50% of Hokodo's share capital and voting rights. Aspora provides cross-border financial services to customers in the United States, United Kingdom, and United Arab Emirates. UAB Hokodo is licensed by the Bank of Lithuania and offers digital payment solutions. The acquisition supports Aspora's expansion in Europe and strengthens its position in the regulated financial services sector. Sorainen advised Aspora on the transaction, including legal due diligence, transaction structuring, and regulatory approvals.
Sequoia-backed fintech Aspora to introduce bill payment feature for Indian diaspora. Sequoia-backed fintech platform Aspora, which enables the Indian diaspora to send money back to India, is set to launch a new feature that allows users to pay bills. This means non-resident Indians (NRIs) can now pay utility bills or recharge their family members' mobile prepaid plans without any hassle. The startup has integrated with the Bharat Bill Payment System (BBPS) through Yes Bank's domestic pipeline, offering payment options for over 22,000 billers in India. This includes electricity providers, broadband companies, and major banks for loan payments. Aspora is not charging any fees for these bill payments and offers users the best exchange rates to make direct payments in foreign currency. Aspora founder and CEO Parth Garg mentioned in an interview with TechCrunch that this new feature will increase user engagement and create long-term loyalty. The startup has already seen positive results from testing this feature with a group of users and plans to expand it to the U.S. and UAE markets. Aspora, which raised $50 million in Series B funding led by Sequoia, has amassed 800,000 customers, processed $4 billion in transactions, and saved users $25 million in transfer fees. The company aims to introduce NRE and NRO accounts for managing foreign and domestic income next year.
Aspora, a global fintech company, has successfully raised $53 million in a Series B funding round. The company, which specializes in cross-border payments for the Indian diaspora, was advised by Orrick during this financing round.
Y Combinator-backed cross-border payments startup Aspora has raised $93 million over three equity funding rounds between September 2024 and May...
Led by Humminbird ventures, seed round also saw participation from Global Founders Capital, YCombinator, Soma Capital and angels such as Alan Rutledge and Gokul Rajaram