Global neobank Zolve raised $15 mn in a seed round led by Accel Partners and Lightspeed Ventures. The fundraiser saw participation from Blume Ventures and notable angel investors, including Dr Ashish Gupta, ex-Helion MD; Greg Kidd, angel investor in Twitter and Ripple; Kunal Shah, Founder of Cred; Rahul Mehta & others.
Zolve is a cross-border neobank focussed on catering to the global citizen. The team believes this to be a $85 bn market. The funds will be used to build the core technology platform, the team, and marketing efforts.
“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.” said Raghunandan G, Founder of Zolve.