Global Neobank Zolve Secures $15 Million in Capital via a Seed Round led by Accel and Lightspeed
Global digital bank
Zolve has secured $15 million in capital through a seed funding round that was led by Accel & Lightspeed.
Others who took part in Zolve’s investment round include Blume Ventures and several angel investors: Dr. Ashish Gupta (ex-Helion MD), Greg Kidd (angel investor in Twitter & Ripple), Kunal Shah (founder of Cred), Rahul Mehta (Managing partner at DST Global) and Rahul Kishore (Senior Managing Director, Coatue Capital).
As mentioned in a release shared with CI, this round marks the very first investment of the Founder Collective (investor in Airtable and Uber) in an Indian startup.
Zolve raises $15 million for its cross-border neobank aimed at global citizens – TechCrunch
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India: Neo-banking startup Zolve raises $15m led by Accel, Lightspeed
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“In an increasingly connected world, though people are moving across countries at an accelerated pace, the
global financial systems are archaic and fragmented, creating headwinds for a global citizen. With Zolve, we aim to create
a financial world beyond borders that provides equitable access to global financial products on one single platform. Our cross-border neobank will enable global citizens to access financial products seamlessly, save money and invest it further, helping them be financially free to pursue their ambition, no matter where they are, ” said Raghunandan G, Founder of Zolve.
Anand Daniel, Partner at Accel, said, The global citizen community is largely underserved in terms of access to financial services and we believe that there is