Abound, a go-to remittance app that was spun off by India's Times Internet, has raised $14 million in a seed round.
Times Internet spinout Abound, a remittance app targeting Indian expats in the U.S., raised $14 million in seed funding led by NEAR Foundation. Abound aims to tap into the growing remittance flows to India with its mobile app offering rewards and cashback on various services alongside money transfers. The funding will be used to expand its services, including high-yield savings, investments, and cross-border credit solutions. Abound distinguishes itself from competitors by offering rewards and access to Indian-specific services like live cricket streaming.
