On March 27, according to Techcrunch, the remittance application Abound, which was spun off by Times Internet in 2023, raised $14 million in its first external financing round. This seed round financing was all equity financing, led by the NEAR Foundation, with participation from Circle Ventures, Times Internet, and other investors. The company plans to use the new funds to expand its business scope, increase product variety, and improve its technological infrastructure.

Originally named Times Club, Abound allows users to remit money to India, earn rewards, and receive cash back on services such as sports streaming, grocery shopping, and OTT subscriptions. The company plans to explore ways for users to access high-yield savings, India-centric investments, and cross-border credit solutions. Abound currently has 40 employees, mainly working in India. The company plans to increase the number of employees and establish a management team in the United States.