The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, and Chemical Manufacturing & Digital Entertainment. It marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, & others.

1.Funding News: Aspora Raises $93 Million, Valued at $500 Million

Startup: Aspora

Founders: Undisclosed

About us: Aspora is a cross-border payments fintech platform tailored for global immigrant communities. Its mission is to streamline remittances and global financial access for underbanked populations, with a focus on security, speed, and affordability.

Founded Year: 2021

Office: Global operations with India & US presence

Sector: Fintech / Cross-Border Payments

Funding Round: Seed Extension, Series A & Series B

Investors: Sequoia, Greylock, Y Combinator

Aspora, a cross-border payments startup with Y Combinator backing, has secured a cumulative $93 million across its Seed extension, Series A, and Series B rounds. The latest Series B round of $53 million was led by Sequoia and Greylock, valuing the startup at $500 million.

Aspora offers digital wallets, remittance tools, and borderless banking features that cater to immigrant families and gig workers, helping them send and receive money across geographies seamlessly.

Website: https://www.aspora.io