Zolve Secures $251 Million to Expand Financial Access for Migrants

The neobank aims to address credit challenges for skilled migrants and expand into new markets and services.

Zolve raised $251 million in its largest funding round to date, comprising $51 million in equity and $200 million in debt.
The Series B round was led by Creaegis, with participation from HSBC, SBI, GMO, DG Daiwa, and existing investors like Accel and Lightspeed Venture Partners.
The startup, launched in 2021, has served over 750,000 customers and processed $1.2 billion in transactions to date.
Zolve plans to expand its services to migrants in Canada, the UK, Australia, and New Zealand, while introducing auto, personal, and education loans.
The company leverages migrants' home country credit histories to provide financial products, addressing barriers faced by newcomers in accessing credit and banking.