Aspora Money Services Limited's DFSA licence is a restricted Innovation Testing Licence, meaning services are limited to testing and some client protections may not apply during the testing phase.
SourceSingle account to manage money across the world
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Aspora is a cross-border fintech for the Indian diaspora (NRIs) that started with money transfers/remittances to India and is expanding into diaspora banking, bill pay, investing, and lending. The company was formerly known as Vance.
Primary product
Money transfers to India / cross-border remittances, with an expanding diaspora banking app.
Founded
2022
Headquarters
London, United Kingdom
Team size
200-300
Industry
Financial Services
Sub-industry
Cross-border payments / diaspora banking fintech
Offices
Business model
Stage
Series B
Latest round
Series B · Jun 2025
Latest amount
$53M
Jun 2025 · Sequoia Capital and Greylock Partners
Dec 2024 · Sequoia Capital
Sep 2024 · Hummingbird Ventures
Oct 2022 · Hummingbird Ventures
Leadership
Founder & CEO
Head of Engineering
Group General Counsel & Board Member
CEO, Wealth & Lending
Investors
The company emphasizes extreme ownership, radical candour, customer obsession, speed, bias for execution, and building in the open.
Compensation
Public job postings repeatedly mention competitive salary, comprehensive benefits, and ESOPs; I did not find public salary bands.
Benefits
Pricing
Flat-fee remittances with Google-matching exchange rates; fees are shown upfront and the first transfer may be free in some markets.
Differentiators
Technology
Customers
Competitors
Aspora Money Services Limited's DFSA licence is a restricted Innovation Testing Licence, meaning services are limited to testing and some client protections may not apply during the testing phase.
SourceAspora · Jun 2026
Official fundraising announcement describing the company’s $93M raise across three recent rounds, headquarters in London, offices in Dubai and Bengaluru, and expansion plans into the U.S., Canada, Australia, and Singapore.
Aspora blog · Mar 2026
Aspora launched a public roadmap and described a broader 'building in the open' approach with community feedback and events in London and Dubai.
DFSA public register · Jan 2026
The DFSA register shows Aspora Money Services Limited with a restricted Innovation Testing Licence, limited to testing certain services in the UAE.
The Economic Times · Dec 2025
ET reported Varun Sridhar joining Aspora to lead wealth and lending, strengthening the leadership team as the company expands beyond remittances.
TechCrunch · Nov 2025
TechCrunch reported the launch of bill payment features via BBPS and partnerships such as Ding, expanding Aspora beyond remittances.