Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora

India has consistently ranked among the highest recipients of remittances globally, with inward remittances soaring from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, as reported by the central bank. Projections indicate this amount could reach $160 billion by 2029, reflecting the significant financial contributions from the Indian diaspora.

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