Abound vs Aspora

Live fee, exchange rate and recipient amount comparison for USDINR. Pros, cons and licensing in one view.

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USA→India remittance combined with a cashback/rewards ecosystem. Backed by The Times of India Group.

Live data unavailable.

Founded 2023
USA (Times Internet spin-out)

Pros

  • Zero transfer fee on USD→INR
  • Rewards/cashback model can offset transfer costs over time
  • Backed by The Times of India Group — strong India brand recognition

Cons

  • USA → India only — no other corridors
  • Trustpilot rating is low (~2.0) with reports of slow transfers and customer support issues
  • Newer company, less established than incumbents
Try Abound

NRI-focused remittance app — UK, UAE and EU to India at the mid-market rate, capped £3 / $3 / €3 per transfer. Founded 2022 by Parth Garg.

Live data unavailable.

Founded 2022
London, UK

Pros

  • Mid-market 'Google rate' on every transfer — no FX margin
  • Capped flat fee makes large transfers extremely cheap
  • Purpose-built for NRIs: KYC tuned for Indian PAN, recipient name match, UPI delivery

Cons

  • Only sends to India — no other destination corridors
  • Only available to NRIs (Non-Resident Indians); requires Indian recipient context
  • No cash pickup — bank deposit and UPI delivery only
Try Aspora

Side-by-side comparison

SpecAboundAspora
Fee modelZero fee, FX margin + rewards-based revenueFlat fee, capped
HeadquartersUSA (Times Internet spin-out)London, UK
Founded20232022
StatusPrivate (~$24M raised, Times Internet + Y Combinator)Private (Sequoia + Greylock-led Series B; ~$99M raised, ~$500M reported valuation)
Live USD→INR fee
Live USD→INR rate
Recipient gets (USD 1,000)
Typical speed
Top corridorsUSD→INRGBP→INR, AED→INR, EUR→INR

User reviews

Aspora

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