Partnering with Aspora: Diaspora Banking Goes Global

• Aspora: neobank for diaspora, starting with India’s 15M NRIs.
  • Traditional NRI banking: months of mailed paper forms.
  • NRIs drive ~25% of Indian real estate transactions.
• Founded by Parth Garg, 21, left Stanford to build this.
• $2B total payment volume, growing every single month.
• Full stack: remittances, investments, loans — not just transfers.
• Sequoia led Series A; co-led Series B.
  • Expanding to US, Canada, Europe.
• NRI is beachhead; entire global diaspora is the real market.

X discourse

• @get_aspora: “Global finance for global Indians. Digital era of NRI Banking launching soon.” (1 like)
• @kwekutech: “Traditional banking was built for local economies… for the borderless African workforce, the legacy banking system is broken.” (26 likes)
• @tusharhq: “@get_aspora it’s a really great solution for getting money from US to Indian accounts.” (1 like)

Luciana Lixandru, George Robson, James Flynn — Sequoia Capital · 2025-06-16 · Read on sequoiacap.com