Aspora Review — Fees, Rates and Pros & Cons
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.
Note on data: Aspora is not part of Wise's comparison API, so it doesn't appear in our live corridor comparison tables. This profile is based on publicly available information. For the current rate, check Aspora directly.
Money transfer operator
Founded
2022
Headquarters
London, UK
Status
Private (Sequoia + Greylock-led Series B; ~$99M raised, ~$500M reported valuation)
Fee structure
Flat fee, capped
Aspora (formerly Vance, rebranded April 2025) uses Google's mid-market rate with a flat fee structure: 0.003%–0.30% per transfer, with most fees capped at £3 / $3 / €3 / AED 10. UAE→India transfers are typically free. The model is purpose-built for NRIs who send recurring monthly amounts home.
Pros and cons
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
- UAE→India is often free (no fee at all)
- Available in UK, UAE, Ireland, Italy, Germany, Canada and Lithuania
- $2 billion in annual remittance volume processed (2024-25 run rate, 6× YoY growth)
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
- Customer service still scaling up (4.5 Trustpilot, but newer than incumbents)
- Not in Wise's comparison API, so doesn't appear in our live /send-money/ tables
Licenses and regulation
Aspora is regulated as a money services business or licensed bank in the following jurisdictions:
| Country / Region | Regulator |
|---|---|
| UK | FCA |
| UAE | CBUAE (via licensed partner) |
| EU | Bank of Lithuania |
| Canada | FINTRAC |
Top corridors
Aspora is most competitive on these currency pairs:
Compare Aspora against others
Side-by-side fee, rate and recipient amount comparison with verdict from live Wise data.
Aspora vs Wise →Aspora vs Remitly →Aspora vs Xoom →Aspora vs Western Union →Aspora vs MoneyGram →Aspora vs Instarem →Aspora vs WorldRemit →Aspora vs OFX →Aspora vs Skrill →Aspora vs Revolut →Aspora vs Tap Tap Send →Aspora vs Lemfi →Aspora vs Paysend →Aspora vs Xpat.money →Aspora vs Abound →Aspora vs Unplex →
Frequently asked questions about Aspora
Profile based on publicly available company information. For pricing, KYC requirements and current promotions, always check Aspora's official site.