San Francisco, March 25, 2025 – Abound, the financial super-app designed for Indians in the U.S., has raised $14 million in seed funding to accelerate its mission of creating a seamless financial bridge between the non-resident Indians (NRIs) and India. Led by Circle Ventures and Near Foundation, with participation from Times Internet and others, this round marks Abound’s first external investment since its incubation at Times Internet, the digital arm of The Times of India Group.
The company has already processed over $150 million in remittances and facilitated $87 million in rewards GMV, demonstrating significant traction. Abound has seen XX% monthly revenue growth over the past YY months, with over 500,000 monthly transacting users. Abound is reshaping financial services for one of the world’s most dynamic and financially sophisticated diaspora communities.
“Indians in America have a unique financial reality—one that spans two countries, two economies, and two currencies. Yet, the financial services available today weren’t designed for their needs,” said Nishkaam Mehta, CEO of Abound. “We’re building a unified platform where our community can earn rewards, seamlessly send money home, and ultimately send, spend, save, invest, and borrow across borders—all in one app.”
Bridging Financial Borders with Cutting-Edge Technology
Abound is redefining what it means to be a financial platform for the Indian diaspora. While traditional banking services treat cross-border finance as an afterthought, Abound integrates remittances, rewards, and next-gen financial services into one seamless, digital-first consumer experience.
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Global Rewards & Cashback: Indians in the U.S. spend billions annually, yet most rewards programs don’t cater to their unique spending patterns. Abound changes that with curated, high-value rewards tailored for the community.
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Effortless Remittances: With $150M+ in remittances processed, Abound simplifies money transfers, leveraging cutting-edge financial infrastructure to make sending money home seamless and rewarding.
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Future-Ready Financial Products: Abound’s roadmap includes high-yield savings, India-focused investments, and cross-border credit solutions to enable financial freedom across both markets.
“The Indian American community is the wealthiest ethnic group in America, with nearly 2x the household income of the average American home, and yet their unique needs are deeply underserved,” said Satyan Gajwani, Vice Chairman, Times Internet. “Abound is bringing a world-class digital product to this audience that can serve a wide variety of their daily needs.”
Investors Backing the Future of Borderless Finance with Cutting-Edge Technologies
Abound’s unique approach to financial infrastructure has drawn backing from some of the world’s leading investors in fintech and digital payments.
“Stablecoins and digital payment infrastructure are revolutionizing global finance, especially for diaspora communities,” said Jeremy Fox-Geen, CFO at Circle. “Abound’s innovative model aligns with our vision of making money more accessible and useful across borders. Their rapid traction proves the demand for smarter cross-border financial solutions, and we’re excited to support their journey.”
“Web3 and digital finance are transforming how communities move and manage money globally,” said Illia Polosukhin, Founder & CEO, NEAR Foundation. “Abound is pioneering a real-world use case that demonstrates the power of next-gen financial technology. By combining rewards, remittances, and borderless banking, they’re unlocking entirely new possibilities for the Indian diaspora.”
Scaling to Serve Millions of NRIs
With this funding, Abound will expand its product offerings, enhance its technology infrastructure, and grow its team across product, engineering, and growth. The company is actively hiring for key roles to scale its operations and accelerate its roadmap.
“We’re just scratching the surface of what’s possible when financial technology is designed for the way global citizens actually live,” added Mehta. “This investment enables us to move faster, expand our capabilities, and make the Indian-American dream more accessible.”
To join the movement and experience the future of financial services for NRIs, visit www.joinabound.com.
About Abound
Abound is the financial super-app for Indian-Americans, helping them earn, spend, and send money seamlessly. Incubated by Times Internet, the digital arm of The Times of India Group, Abound is on a mission to transform cross-border banking with rewards, remittances, and next-gen financial services.
