Aspora Appoints Varun Sridhar as CEO for Wealth Management and Lending

Aspora, a cross-border fintech company previously known as Vance, has named Varun Sridhar as the new CEO of its wealth management and lending division. This appointment is a significant addition to the leadership team at the fintech firm. The news was shared through an official post on Aspora’s LinkedIn account.

Varun Sridhar’s Extensive Background

Sridhar possesses over 20 years of expertise in financial services and digital banking. He was previously the CEO of Paytm Money and Paytm Services, where he played a pivotal role in guiding the platform from inception to profitability. Joining Paytm during its pre-IPO stage, he contributed significantly to establishing the company’s operational framework before its public listing. He concluded his role as CEO of Paytm Services in August this year.

Prior to his tenure at Paytm, he held various leadership positions at BNP Paribas, Citibank, and Deutsche Bank, acquiring extensive knowledge across retail banking, wealth management, and fintech operations in several markets.

Focus on Wealth Management and Lending at Aspora

At Aspora, Sridhar will be responsible for expanding the company’s wealth management and lending services while enhancing its cross-border banking solutions for international markets.

About Aspora

Founded in 2022 by Parth Garg, Aspora is part of Y Combinator’s Winter 2022 cohort and recently completed a rebranding initiative. The company currently provides services to users in the US, UK, UAE, Germany, Italy, and Ireland, with ambitions to grow into Saudi Arabia, France, Spain, the Netherlands, Canada, and Singapore.

Funding Milestones

In June of this year, Aspora secured $53 million in a Series B funding round led by Sequoia and Greylock, among other investors. The startup has successfully raised over $99 million in total funding thus far.