Description
Abound Inc., backed by The Times of India Group, is a super app designed for Indians living in the US. It provides a mobile application and website for financial services, primarily international remittances to India and a cashback rewards program. The platform has over 800,000 customers who have sent over $100 million to India and earned over $7.7 million in cashback. Abound partners with financial service providers like Layer2, Buckzy, Stripe, Plaid, and Mudrex to facilitate its services, which include 'Know Your Customer' (KYC) requirements and the use of USDC stablecoins for transactions. Security is a key focus, with features like SSL encryption and two-factor authentication. An upcoming feature, Abound UPI, will allow users to spend directly in India.