# Aspora

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aspora

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.aspora.com
- Total disclosed funding: $94M
- Latest round: Series B (Jun 5, 2025)
- Investors on record: 7

## About

Based in London, UK, and founded by Parth Garg in 2022, Aspora previously known as Vance Techlabs Private offers a technology that connects banking infrastructures across the globe. In June 2025, Aspora raised USD 53 million in series B funding co-led by returning investors Greylock Partners and Sequoia Capital, with participation from other returning investors Soma Capital management, Global Founders Capital, Hummingbird Ventures and Y Combinator. New investor QuantumLight, individual, and other unspecified investors also participated in the round. The company offers a platform for financial transactions for Non-Resident Indians (NRIs). Vance enables users to send money to India at Google rates, ensuring transparency with fixed fees and zero hidden charges. Aspora generates revenue through a structured model that includes initial license fees, annual maintenance charges, and consulting services. The company plans to utilize the June 2025 funding to expand remittance services, launch full-stack banking and investment products for non-resident Indians, and scale operations into the United States, Canada, Singapore, and Australia.

## Funding rounds

- Series B, Jun 5, 2025, $53M — Hong Shan, Greylock Partners, Hummingbird Ventures, Y Combinator, Global Founders Capital, Soma Capital Management, QuantumLight
- Series A, Nov 1, 2024, $35M — Hong Shan, Greylock Partners, Hummingbird Ventures, Y Combinator, Global Founders Capital
- Seed, Oct 3, 2022, $5.8M — Hummingbird Ventures, Y Combinator, Global Founders Capital, Soma Capital Management

## Investors

- Hummingbird Ventures (https://capitalatlas.ai/funds/hummingbird-ventures) — Seed, Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A, Series B
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed, Series B
- Hong Shan — Series A, Series B
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B
- QuantumLight (https://capitalatlas.ai/funds/quantumlight) — Series B