Y Combinator-backed cross-border payments startup

has raised $93 million over three equity funding rounds between September 2024 and May 2025, giving it a $500-million valuation, according to its founder, Parth Garg.

The London-headquartered startup, which offers remittance service to immigrant diaspora, raised the funds over three rounds in the last eight months. Its first institutional funding of $5.8 million from Hummingbird Ventures had come in 2022.

Garg told ET that the startup raised $5 million in an extension of the first round in September 2024, after which came a $35-million infusion led by US-based venture firm Sequoia Capital along with participation from US-based Greylock Partners. Last month, Aspora secured another $53 million in financing, led by Sequoia Capital and Greylock Partners, with participation from London-based venture fund Quantum Light.