Times Internet spinout Abound raises $14M to let more Indian Americans send money home

Quick Summary:

Abound, a go-to remittance app that was spun off by India's Times Internet, has raised $14 million in a seed round.

The company claims it has processed over $150 million in remittances in total from its more than 500,000 monthly transacting users and that its revenue has increased by 50% month-over-month since launch.

Gajwani told TechCrunch the Times Internet would be “using its strategic assets to help accelerate Abound’s growth.

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Article Details

Author / Journalist: Jagmeet Singh

Category: Technology

Markets: United StatesCanadaCubaIndiaSingapore

Topics: Fintech Times Internet Exclusive Abound

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 11:30:00 (6 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 764 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 27454096

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