Zolve, a neobank specialising in financial services for global citizens relocating to the US, has secured $51m in equity funding and an additional $200m in debt as it seeks to scale its operations and enter new markets.
The Series B funding round was led by Creaegis, with participation from HSBC, SBI, GMO, and DG Daiwa, according to a report from TechCrunch.
Existing investors, including Accel, Lightspeed Venture Partners, Sparta Group, and DST Global, also contributed.
The $200m debt financing will allow Zolve to underwrite expat credit risks by purchasing loan books from its partner banks.
Founded in 2021, Zolve provides seamless financial access to skilled professionals moving to the US, helping them obtain credit cards and bank accounts without a local credit history. By leveraging credit data from their home countries, the company enables users to access financial services immediately upon arrival.
Following the close of the round, Zolve is looking to expand into Canada by August and enter the UK and Australian markets in 2026.
Zolve founder and CEO Raghunandan G said, “Financial institutions in one country don’t talk to financial institutions in another country because sufficiently low-risk individuals end up being treated as high-risk. That’s the problem we are trying to solve.”
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