Zolve, a neobanking startup that aims to help immigrants in the U.S. gain access to financial services, said on Wednesday it has raised $40 million in a new financing round as it begins to roll out its offerings.
Partners of DST Global led the Bangalore-headquartered startup’s Series A financing round. The round, which values the 10-month-old startup at $210 million and brings its all-time raise to $65 million, also saw participation from Tiger Global and Alkeon Capital and existing investors Lightspeed Venture Partners and Accel.
Tens of thousands of students and working professionals leave India for the U.S. each year to pursue higher education and for work. Even after spending months in a new country, they struggle to get a credit card from local banks, and end up paying a premium …
