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

Published 10 months ago
Description

India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029.

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