logo
logo

Zolve Closes $40 Million Series A Funding Round At A Valuation Of $210 Million

Oct 26, 2021•almost 4 years ago

Amount Raised

$40 Million

Round Type

series a

San Francisco

Description

Zolve, a neobank enabling global access to financial services, today announced the closing of $40 million in Series A funding. The round was led by Partners of DST Global, who have previously led rounds in many prominent global fintechs such as Robinhood, Nubank, Chime, Revolut, and Wealthsimple. The round also recorded participation from Tiger Global, another prolific investor in the global fintech space, counting multiple unicorns in its portfolio. Alkeon Capital, as well as existing investors Accel and Lightspeed Venture Partners, also participated in the round.

Company Information

Company

Zolve

Location

San Francisco, California, United States

About

Zolve is building a financial world without borders by developing financial services for global citizens. Founded to help immigrants build their financial futures globally, Zolve offers a full-featured financial services app, an FDIC-insured U.S. bank account, and a high-limit credit card to new immigrants in partnership with a partner bank, the moment they arrive. In February 2021, Zolve raised $15 Million in seed funding, led by Accel and Lightspeed. In October 2021, it raised another $40 Million in one of India's largest Series A funding rounds. For more information on Zolve's credit, deposit, and loan products purpose-built for global citizens, visit Zolve.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech