Abound, the financial super-app tailored for Indians in the US, has secured $14 million in a seed funding round led by NEAR Foundation, with participation from Circle Ventures, Times Internet, and others.
This marks Abound’s first external investment since its incubation at Times Internet, the digital arm of The Times of India Group. Previously, in July 2023, the startup raised $10 million from the Times Group to expand its remittance offerings.
The fresh capital will be used to enhance product offerings, strengthen technology infrastructure, and expand its team across product, engineering, and growth, the company stated in a press release.
Founded by Nishkaam Mehta, Abound provides a unified financial platform where users can send money home, earn rewards, and manage their finances—allowing them to send, spend, save, invest, and borrow across borders within a single app. The startup chose NEAR as its blockchain foundation, leveraging its scalability, efficiency, and security to ensure seamless transactions.
Since its launch, Abound has processed over $150 million in remittances and facilitated $87 million in rewards GMV. The company has also reported 50% month-on-month revenue growth over the past six months, with its user base now exceeding 500,000.
By integrating remittances, rewards, and next-generation financial services, Abound is redefining cross-border banking for the Indian diaspora—offering a digital-first experience that goes beyond traditional financial solutions.
