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
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Jan 08, 2024
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Investors
1984 Ventures
& 4 more
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Employee Count
Not available
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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.
People of Cleva
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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.
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.
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Investor details for Cleva
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Investments & Acquisitions by Cleva
Investment portfolio details for Cleva
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Financial Statements - Cleva
Detailed financials for Cleva
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Cleva Comparisons
Peer comparison for Cleva
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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.
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Cross-border remittances are enabled for individuals and businesses via apps.
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Cross-border remittances are enabled for consumers and businesses.
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International payments are enabled online for consumers and businesses.
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Cross-border money transfers are enabled through CurrencyFair's platform.
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Cross-border remittances are enabled for individuals and businesses.
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Provider of remittance services
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Detailed competitors of Cleva
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Latest news on Cleva
Complete news archive for Cleva
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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.
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.