Abound, a remittance app spun off from Times Internet, has raised $14 million in its inaugural funding round to enhance services for Indian expats in the U.S. The app facilitates money transfers to India, with an emphasis on rewards and cashback offers. CEO Nishkaam Mehta highlighted the wealth of Indian Americans, stating they are underserved by existing financial products. With over $150 million processed in remittances, Abound plans to expand its offerings and tech infrastructure while targeting markets like Canada and Singapore. Times Internet remains the largest stakeholder, supporting Abound's growth.