Aspora Raises £39m for Global Expansion

London-based fintech company, Aspora, has successfully raised £39 million in a Series B funding round. The round was co-led by Sequoia Capital and Greylock Partners, bringing Aspora's total capital raised to £63 million across three funding rounds. Aspora is targeting the banking needs of Indians living abroad, facilitating seamless cross-border banking, investment, credit, and insurance access. With the new funds, Aspora plans to expand operations into the US by July before moving into Canadian, Australian, and Singaporean markets by year's end. Luciana Lixandru of Sequoia expressed confidence in Aspora's growth potential, noting their successful drive in achieving $2 billion in payment volume.