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.