September 29, 2022
FinTech Journey Of Success: Bangalore-based Start-up, Zolve Innovations

Zolve Innovations, is a Bangalore-based neobanking start-up with a mission to help immigrants in the United States or other international geographies get access to banking and financial services. This Fintech company was founded in the year 2020, by Raghunandan G, who is currently the Chief Executive Officer (CEO) of the firm. 

Fundraising rounds of Zolve Innovations:

  • In the month of February, 2021, Zolve Innovations had its Seed financing round, where it raised around 15 Million US Dollars, from investors such as:
    • California-based Venture Capital and private equity firm, Accel Partners, as a leading investor;
    • United States-based Venture Capital and private equity firm, Lightspeed Venture Partners, as a leading investor;
    • Mumbai-based Venture Capital company, Blume Ventures Advisors;
    • Founder of Cred, Kunal Shah, as an angel investor;
    • Former Managing Director (MD) of Helion, Ashish Gupta, as an angel investor;
    • Investor in Twitter Inc and Ripple Labs Inc, Greg Kidd, as an angel investor;
    • Managing Member at DST Global, Rahul Mehta, as an angel investor;
    • Senior Managing Director (MD) of Coatue Management LLC, Rahul Kishore, as an angel investor.
  • In the month of October, 2021, the start-up had its Series A round of funding, where it raised around 40 Million US Dollars, from investors such as: 
    • Beijing-based Venture Capital and private equity firm, DST Global, as the leading investor; 
    • New York-based investment management firm, Tiger Global Management LLC
    • United States-based capital market company, Alkeon Capital Management LLC
    • California-based Venture Capital and private equity firm, Accel Partners; 
    • United States-based Venture Capital and private equity firm, Lightspeed Venture Partners.

Zolve Innovation aims to make international financial products available to citizens all around the world. The users of this Fintech start-up are able to apply for opening a bank account as well as obtaining a credit card in the United States, prior to even arriving in the country. People can use their cross-border services to make savings and later invest it, enabling them to be financially independent and achieve their goals. Zolve’s vision is to establish a global financial system with open access to all its financial products and services through an exclusive cutting-edge platform.

Also Read: FinTech Journey Of Success: Bangalore-based Start-up, Cashfree Payments

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