Aspora

Aspora provides a mobile app for cross-border money transfers from abroad to India, marketed at guaranteed Google exchange rates with no hidden fees. The website also lists planned features: multi-currency savings with up to 9% interest, bill payments, and automated EMI and SIP payments.

Its customers are non-resident Indians and people building lives across borders, who send money to India and manage finances in several countries. The company previously operated under the name Vance. Revenue appears to come from transfer fees and forex margins, though the website does not state the model explicitly.

The website states over 1 million users, more than $2 billion transferred and more than $50 million saved by users in forex fees. Its job postings list Bangalore, London, Vilnius and Dubai as locations, with openings in engineering, product, design, customer support and compliance. The website says funds are held with regulated financial institutions and that it investors are backing the company, but names no investors or funding rounds.

Product: Mobile app for cross-border money transfers to India, with planned multi-currency savings, bill payments and EMI/SIP automation.