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Sequoia and Greylock lead $50 Mn round in Aspora

EntrackrEntrackr · 1m ago
Sequoia and Greylock lead $50 Mn round in Aspora
Medial

Aspora, a cross-border financial technology company formerly known as Vance, has raised $50 million in a Series B funding round co-led by Sequoia and Greylock. The round saw participation from Hummingbird, Quantum Light Ventures, and Y Combinator. According to Aspora, it has raised over $99 million in funding to date, and the current round values the company at $500 million. Aspora is a global fintech firm focused on cross-border money transfers for non-resident Indians (NRIs). The platform provides remittance services with Google exchange rates. It enables transfers from five countries, including the UK, UAE, and Germany, and claims to have processed over $2 billion, saving users more than Rs 150 crore ($17.5 million) in foreign exchange fees. According to Aspora, it is regulated by the Financial Conduct Authority (FCA) in the UK and works with banks governed by the Reserve Bank of India (RBI). Founded in 2022 by Parth Garg, Aspora was part of Y Combinator’s Winter 2022 batch and recently underwent a rebranding exercise. The company raised $5.8 million in its seed round led by Hummingbird Ventures with participation from Global Founders Capital, Y Combinator, Soma Capital and angels such as Alan Rutledge and Gokul Rajaram.

Y Combinator-backed Exly raises $6.2 Mn led by Chiratae

EntrackrEntrackr · 1y ago
Y Combinator-backed Exly raises $6.2 Mn led by Chiratae
Medial

Business tools provider Exly (formerly MyScoot) has raised $6.2 million in a new round led by Chiratae Ventures. Existing backers Mayfield India and Venture Highway also participated in the round. The proceeds will primarily be used for enhancing its product offerings and customer acquisition. Founded in 2021 by Suyash Sinha, Sidharth Rawat, Akhil Tripathi and Swati Singh, Exly provides business tools to help customers streamline operations and enhance productivity. Its offerings include course builders, appointment scheduler, marketing suite, along with customer relationship management (CRM), and lead capturing conversion tools for creators and solo-entrepreneurs. Exly claims to have been used by over 10,000 customers to date. It targets business coaches, fitness professionals, astrologers, dance choreographers, and digital marketers as customers. The startup had earlier raised $1.8 million in seed funding round and was a part of the Y Combinator’s winter 2019 batch.

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