“Can a remittance app for NRIs become the cross-border financial OS for the Indian diaspora?”
Founded as Vance to digitise remittances for non-resident Indians, the company rebranded to Aspora in 2025 after a $50M Sequoia round and is expanding from pure remittances into a verticalised financial OS for the Indian diaspora — bill pay (via Bharat BillPay), savings in global currencies, automated EMIs/SIPs, and a separate UAE-focused business banking product (Aspora Business). The strategic shift is from single-rail money transfer to multi-product cross-border financial services anchored on NRI identity.