London-based payments company Aspora has raised $93 million across three equity rounds, valuing the startup at $500 million.
Aspora, a fintech company focused on cross-border remittance services for the immigrant diaspora, completed three equity funding rounds over a period of eight months. The funding timeline spans from late last year through the middle of this year, with capital raised from prominent global investors.
The company is backed by startup accelerator Y Combinator and is led by founder Parth Garg. Aspora’s initial institutional capital came in the form of $5.8 million from Hummingbird Ventures. A top-up of $5 million followed in a subsequent extension round.
In the next major round, Aspora secured $35 million, led by Sequoia Capital and Greylock Partners—both US-based investment firms.
The most recent round brought in $53 million. Sequoia Capital and Greylock Partners participated again, joined by London-based Quantum Light, which entered as a new investor.
Aspora is continuing to expand its remittance offerings, targeting underserved markets and building a broader platform for immigrant communities. The company’s valuation now stands at $500 million, just months after its first major round.
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By Proptechbuzz
By Ravi Kumar
