About Cleva
Cleva is a company based in San Francisco (United States) founded in 2023 by Philip Adama Abel and Tolu Alabi. It operates as a FinTech. Cleva has raised $1.5 million across 1 funding round from investors including 1984 Ventures, The Raba Partnership and Byld Ventures. Cleva offers products and services including USD Account and Virtual Card. Cleva operates in a competitive market with competitors including Wise, TransferGo, Remessa Online, CurrencyFair and Intermex, among others.
- Headquarter San Francisco, United States
- Founders Philip Adama Abel, Tolu Alabi
- SectorsFinancial Services
- Email••••••••
- Website getcleva.com
- Social LinkedIn X
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Jan 2024
- Investors1984 Ventures
& 4 more
Products & Services of Cleva
Cleva offers a comprehensive portfolio of products and services, including USD Account and Virtual Card.
USD account is provided for non-US residents.
Virtual card is offered for online shopping worldwide.
Apps and channels of Cleva
Cleva publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Cleva
Cleva has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Jan 2024)
- Investors Count 5
All 1 funding rounds of Cleva with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $1.5M | Seed | – | 1984 Ventures |
5 investors in total: 5 institutional.
Investors in Cleva
Cleva has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include 1984 Ventures, The Raba Partnership and Byld Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | – | 1984.vc | San Francisco, United States | |
Venture capital firm investing in tech sectors | – | rabacap.com | Nairobi, Kenya | |
- | – | byldventures.com | - | |
Early-stage venture capital is provided to female-led African startups. | – | firstcheck.africa | - | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for Cleva
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Cleva
7 people are tracked at Cleva (2 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Philip Adama Abel | Co-Founder & CTO | Leadership |
Tolu Alabi | Co-Founder & CEO | Leadership |
Gabriella Amaefule | Software Engineer | Team |
Abiodun Adefila | Ui/ux Designer | Team |
Muhammed Lawal | Backend Engineer | Team |
Oluwaseun Adekanbi | Growth Lead | Team |
Ojurereoluwa Davies | Senior Backend Engineer | Team |
Complete people profiles for Cleva
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Cleva
2 dated milestones of Cleva across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Cleva is founded.
- Funding First funding round of $1.5M.
Competitors of Cleva
Cleva operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, TransferGo, Remessa Online, CurrencyFair and Intermex, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wise.com | 2011 | Shoreditch, United Kingdom | $1.03B | 5,499 | Cross-border remittances are enabled for individuals and businesses via apps. | |
| transfergo.com | 2012 | London, United Kingdom | $109.2M | – | Cross-border remittances are enabled for consumers and businesses. | |
| remessaonline.com.br | 2016 | Sao Paulo, Brazil | $21.53M | – | International payments are enabled online for consumers and businesses. | |
| currencyfair.com | 2010 | Dublin, Ireland | $23.06M | – | Cross-border money transfers are enabled through CurrencyFair's platform. | |
| intermexonline.com | 1994 | Miami, United States | – | – | Cross-border remittances are enabled for individuals and businesses. | |
| westernunion.com | 1851 | Denver, United States | – | 196 | Provider of remittance services | |
| 2c2p.com | 2003 | Singapore | $85M | – | Payment processing solutions for businesses | |
| sentbe.com | 2015 | Seoul, South Korea | $1.66M | – | Cross-border remittance solution | |
| currenciesdirect.com | 1996 | London, United Kingdom | $184.28M | 108 | Cross-border remittances are enabled online for individuals and businesses. |
Detailed competitors of Cleva
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cleva
The website of Cleva (getcleva.com) receives about 114.9K visits a month.
- Monthly visits114.9K
▲ 35.5% vs previous month
Websites whose visitors overlap most with Cleva. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| upwork.com | 100% | 38M | #886 | View details | |
| figma.com | 97% | 84.7M | #221 | View details | |
| google.com | 79% | 85.8B | #1 | View details | |
| x.com | 71% | 4.5B | #5 | View details | |
| linkedin.com | 71% | 1.9B | #18 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Cleva
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Cleva
Complete news archive for Cleva
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Cleva
10 companies that operate in the same segment as Cleva (Forex Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 1.03 B | USD 2.71 B | – | |
Cross-border payments are processed for businesses via tools and APIs. | 2015 | Singapore, Singapore | USD 1.9 B | – | 1 | |
Cross-border payroll solutions are provided for global migrant workers. | 2021 | Berlin, Berlin, Germany | USD 38.93 M | – | – | |
Online platform for trading in forex, options, and CFDs | 1992 | Copenhagen, Denmark | USD 548.49 M | – | 1 | |
International payments are enabled online for consumers and businesses. | 2016 | Sao Paulo, Brazil | USD 21.53 M | – | – | |
Online foreign exchange and remittance services are facilitated in India. | 2011 | Gurugram, Haryana, India | USD 5.59 M | USD 1.17 M | 146 | |
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | – | |
Online cross-border remittance platform for individuals | 2019 | San Francisco, California, United States | USD 60 M | – | – | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | – | USD 809.63 M | 633 | |
NFC-enabled travel cards and wallets are provided for travelers. | 2018 | Singapore, Singapore | USD 105.5 M | – | – |
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Frequently Asked Questions about Cleva
Cleva was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Cleva is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Tolu Alabi is the current CEO of Cleva. They have also founded this company.
Cleva is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Jan 2024.
Cleva is engaged in offering USD banking services tailored for non-US residents. A US-based dollar account is provided to facilitate receiving USD payments. Additionally, virtual cards are made available for online shopping globally. The company operates within the financial technology sector, emphasizing accessible digital banking solutions.
Cleva's top competitors include Wise, TransferGo and Remessa Online.
Cleva offers USD Account and Virtual Card.
Cleva has 5 investors. Key investors include 1984 Ventures, The Raba Partnership, Byld Ventures, FirstCheck Africa, and Y Combinator.
Yes. Cleva publishes Cleva App and 1 more app, with over 100,000 downloads.
The website of Cleva receives about 115 thousand visits a month.