Zolve, a NYC-based cross border fintech company helping immigrants across the world gain access to financial services, secured a warehouse debt facility of up $100m from Community Investment Management (CIM).
The $100m debt fund secured from CIM will be used for further expansion across UK, Canada and Australia.
Led by Raghunandan G, Founder, Zolve is a fintech company which provides financial services to immigrants. Since its inception in August 2021, the platform has attracted around 500,000 users, facilitating transactions worth more than $600M. The Zolve Debit Card, and Zolve Credit Card, and Zolve Azpire Credit Card are issued by Community Federal Savings Bank, Member FDIC and the Zolve account is offered by Community Federal Savings Bank. In February 2021, the company raised $15M in seed funding, led by Accel and Lightspeed followed by $40M raise in October 2021.
Zolve, a NYC-based cross border fintech company helping immigrants across the world gain access to financial services, secured a warehouse debt facility of up $100m from Community Investment Management (CIM). Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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