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Neobank startup Zolve raised $40 million at a valuation of $210 million
By SmartBranding Team access_time 1 min read

What is Zolve?

Zolve is a neo-banking startup.

What does Zolve do?

Zolve offers FDIC-insured bank accounts, high-limit credit cards, and debit cards to immigrants – working professionals and students — based on their credit scores in their native country. While they are still in their home nations, this is done without the need for an SSN (social security number) or credit history in the United States.

Who owns Zolve?

Former TaxiForSure founder Raghunandan G launched the startup last year. The company is headquartered in Bangalore, Karnataka, India.

How much has Zolve raised?

The startup raised its latest funding on Oct 26, 2021, from a Series A round. Zolve plans to use the funds to expand its platform and is on track to become a full-stack financial services provider, with quick remittance, insurance, and lending products in the works.

Who has invested in Zolve?

The latest round was led by partners of DST Global and saw participation by Tiger Global, Alkeon Capital, and existing investors Accel and Lightspeed Ventures.

What domain name does Zolve operate on?

The company has invested in – an exact brand match .com name. This is the natural choice of most internet users and securing that domain for their business is a clear indication that Zolve is here to stay.

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