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Cross Border Financial Solutions Platform Abound Bags $14 Mn

  • Cross border financial solutions platform Abound has raised $14 Mn in a seed funding round led by NEAR Foundation.
  • The startup plans to use the funding to enhance its product offerings, technological infrastructure, and workforce, as well as expand its headcount in product and engineering.
  • Abound aims to be a financial super app for the Indian diaspora in the US, offering money transfers, cashback, and rewards on everyday transactions.
  • The company claims to have processed $150 Mn in remittances, witnessed 50% MoM revenue growth, and served over 500,000 users.

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