Join Aspora · Life at Aspora · Why Aspora · Our Values · In the Press · Perks & Benefits · Diversity & Inclusion
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A Borderless Bank for Global Diasporas
The world is more global than ever, but banking is still built for local lives. People and businesses that operate across borders face fragmented products, slow processes, and trust gaps. Diasporas move trillions every year, yet rely on outdated systems. User expectations have changed faster than incumbents, and trust and reliability remain critical for cross-border money. Today, technology and regulation finally make a borderless financial platform feasible.
Aspora is building a truly global bank for people who live and manage money across countries. Over time, we will serve immigrants and expats, residents of developing markets seeking dollar banking and global investments, global freelancers, and cross-border small businesses.
We are starting with immigrants because it forces us to build durable infrastructure, licensing, and partnerships across major host markets (US, Canada, EU, UK, UAE, KSA, Singapore, Australia) and major home markets (India, China, Mexico, Philippines, Nigeria, Pakistan, Bangladesh, Egypt).
For each diaspora, we aim to deliver an integrated experience to move, save, and invest across home and host countries. We begin with remittances as the hook product because it is high frequency and requires lower trust. As reliability and coverage deepen, we expand into accounts, credit, insurance, and wealth. This is a high-friction, high-emotion, high-value problem that compounds over a user’s lifetime.
This mission is personal. Our founder Parth, a second-generation NRI, has lived across UAE, UK, US, and India. We started with NRIs and remittances because it was the community and use case we understood best.
🎧 Founder’s story:
[How a Solo Founder is Reshaping Global Finance — Parth Garg, CEO of Aspora](https://creators.spotify.com/pod/profile/mario-gabriele5/episodes/How-a-Solo-Founder-is-Reshaping-Global-Finance-Parth-Garg--CEO-of-Aspora-e3a9roi?)
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https://notionplus.dev/embed/image?id=my-image-widget-1766415874
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UK was our first bet because its open banking infrastructure let us ship fast. We reached product market fit in ~4 quarters and organic growth accelerated sharply.
UAE was next with a different approach by partnering with one of the region’s largest clearinghouses. We hit PMF in ~2 quarters and became a leading digital alternative to legacy remittance routes.
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Strong retention and corridor dominance led to ~$100M raised in six months.
Series A (Nov 2024): Sequoia & Greylock co-led
Series B (May 2025): Pre-empted by existing investors
We have most of that capital still unspent and charted out an 18 month roadmap for using it to accelerate corridor expansion and product development to expand the breadth and reach of our products.
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NRI Market: Why Aspora Wins Here
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We’re executing against three big bets:
Expand NRI remittances globally across with the UK, UAE, and US already live, the EU partially live, and KSA, Singapore, Canada, Australia, and broader GCC planned, with a goal to maintain NPS ~90.
Build for new diasporas, starting with Filipinos and launching from the US, one of the largest and most important corridors for the Philippines.
Deeper Products for NRIs that moves Aspora from a transaction-led app to a full-stack banking platform.
We are launching NRE/NRO accounts from Jan 2026 in the UK and UAE with RBI-regulated partner banks to digitise onboarding and create a modern, mobile-first experience.
On top of this, we will expand into: