Remittances

Aspora, led by Parth Garg, pivoted from debt finance for Indian software firms to cross-border diaspora banking using stablecoins, amassing 700k NRIs, handling hundreds of millions of transfers monthly (~$4B/year), and closing Series A (Nov 2024) and Series B (Spring 2025) while pursuing multi-country licensing and a broader product slate.

Lebanon’s displacement crisis is increasingly funded through digital wallets and fintech, bypassing traditional banks, with regulatory gray zones and AML safeguards shaping risk and speed of aid delivery.