India, March 27 -- Cross border financial solutions platform Abound has secured $14 Mn (around INR 120 Cr) in a seed funding round led by NEAR Foundation along with participation from Circle Ventures and Times Internet.

The startup plans to use the fresh capital to boost its product offerings, technological infrastructure and workforce. It also aims to expand its headcount in product and engineering.

This is the first external investment since Abound's incubation at Times Internet, the digital arm of The Times of India Group.

Founded in 2020, Abound caters to the Indian community in the US, providing seamless money transfers, cashback, and rewards on everyday transactions. The startup claims to be a financial super app for the Indian d...