Fintech startup Zolve raised $40 million in Series A led by DST Global where Tiger Global, Alkeon Capital, as well as existing investors Accel and Lightspeed Venture Partners also participated.
Zolve, a fintech startup, offers cross-border solutions to students and working professionals relocating to the United States. Zolve offers FDIC-insured bank accounts, high-limit credit cards, and debit cards to immigrants, working professionals, and students travelling to the United States. This is done while they are still in their home countries, without the need for an SSN (social security number) or a US credit history. The startup, which launched full-service offerings last month, also intends to expand into the European and Canadian immigration markets.