Zolve, a neobank designed for global citizens moving to the U.S., has raised $51 million in Series B equity funding alongside a $200 million debt facility to scale its cross-border financial services.
The round was led by Creaegis, with participation from HSBC, SBI, GMO, and DG Daiwa, alongside existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global.
Bridging Financial Access for Expats
Zolve helps immigrants and expats access U.S. banking and credit upon arrival by using home-country credit history to underwrite financial products, including:
- Credit cards & checking accounts with instant approval.
- Loans for expats, starting with auto loans before expanding into personal and education loans.
CEO Raghunandan G highlighted the challenge:
“Financial institutions in different countries don’t communicate, leaving low-risk individuals struggling to access essential financial services. We’re solving that problem.”
“We want to change the way you think about security—like Stripe did with payments or Canva did with design.”
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Strong Growth & Expansion Plans
- 750,000 customers onboarded since launching in 2021.
- $1.2 billion in transactions processed to date.
- $25 million in net revenue generated in 2024.
- Planned expansion into Canada (by mid-2025) and the UK & Australia (in 2026).
Using Debt to Scale Lending Capabilities
The $200M debt facility will help Zolve purchase expat loan portfolios from partner banks, reducing underwriting risks and improving lending rates.
With $51M in fresh equity and $200M in debt, Zolve is accelerating its vision of a global banking network, ensuring expats and international professionals have seamless access to credit and financial services worldwide.
