About Zolve
Zolve is a company based in New York (United States) founded in 2020 by Raghunandan Gangappa. It operates as a FinTech. Zolve has raised $106 million across 5 funding rounds from investors including HSBC, Accel and Lightspeed Venture Partners. The company has 119 employees. Zolve offers products and services including USA Credit Cards, Overseas Student Loan, and USA Checking Account. Zolve operates in a competitive market with competitors including Nomad, CAURI Money, Emigre, Adro and Aeldra, among others.
- Headquarter New York, United States
- Employees 119
- Founders Raghunandan Gangappa
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website zolve.com
- Social LinkedIn X Facebook
- Legal Name Zolve Innovations Private Limited
- Date of Incorporation 22 Dec, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹54.63 Cr
FY 2025 · +19% YoY
- Net Loss-₹2.15 Cr
FY 2025 · -4% margin
- EBITDA₹11.15 Cr
FY 2025 · 20% margin
- Total Equity Funding$106M (USD)
in 5 rounds
- Latest Funding Round$51M (USD), Series B
Mar 2025
- InvestorsHSBC
& 19 more
- Employee Count119
Associated legal entities of Zolve
Zolve operates through Zolve Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zolve Innovations Private Limited CIN U72900KA2020PTC142465 | Active | 22 Dec 2020 | Bangalore, Karnataka | ₹54.6 Cr | 119 | 2 | View details |
Products & Services of Zolve
Zolve offers a comprehensive portfolio of products and services, including USA Credit Cards, Overseas Student Loan, and USA Checking Account.
Credit cards for use in the USA are offered.
Loans for overseas students are provided by Zolve.
Checking accounts in the USA are made available.
Apps and channels of Zolve
Zolve publishes 1 mobile app with over 100K+ downloads.
Funding Insights of Zolve
Zolve has successfully raised a total of $106M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $51 million completed in March 2025. 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 $106M
- Total Rounds 5
- Last Round Series B — $51M
- First Round $15M
(Feb 2021)
- Investors Count 20
All 5 funding rounds of Zolve 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 |
|---|---|---|---|---|---|
| Mar 2025 | $200M | Debt – Conventional | – | Creaegis | |
| Mar 2025 | $51M | Series B | – | Creaegis | |
| Oct 2023 | $100M | Debt – Conventional | – | – | |
| Oct 2021 | $40M | Series A | $210M | DST Global | |
| Feb 2021 | $15M | Seed | – | Accel, Lightspeed India |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $210M | •••••••• |
Last known valuation $210M (Oct 2021). 20 investors in total: 15 institutional and 5 angel.
Investors in Zolve
Zolve has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HSBC, Accel and Lightspeed Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial schemes and rights management under Creaegis. | 2018 | creaegis.in | Bengaluru, India | |
Venture capital funds are managed to support unlisted companies' growth. | – | sbinvestment.co.jp | Minato City, Japan | |
Early-stage tech ventures in the US and Asia are funded. | – | gmo-vp.com | Shibuya, Japan | |
Investments in blockchain, AI, and emerging technologies are managed. | – | dg-daiwa-v.com | Chiyoda City, Japan | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Sparta Group LLC is engaged in investment management services. | – | spartagroupllc.com | Stoneham, United States | |
Venture capital investment firm | – | dst-global.com | Menlo Park, United States | |
Diversified investment management services are offered to clients. | 2012 | cim-llc.com | San Francisco, United States | |
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States |
Investor details for Zolve
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.
Board of directors of Zolve Innovations Private Limited (Zolve)
Zolve Innovations Private Limited is the primary company behind Zolve. The board of Zolve Innovations Private Limited currently have 2 directors; the longest-serving is Shilpa Balkur Udupa, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shilpa Balkur Udupa DIN 07707131 | Director | 22 Dec 2020 | 5 yrs 9 mo | Zolve Innovations Private Limited |
| Raghunandan Gangappa DIN 03356963 | Director | 22 Dec 2020 | 5 yrs 9 mo | Zolve Innovations Private Limited |
People of Zolve
33 people are tracked at Zolve (7 in leadership, 26 in team); the tracked headcount is 119.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Prudhvi Varma | Chief Business Officer | Leadership |
Raghunandan G | Founder | Leadership |
Vikash Kumar | Head Of Strategic Partnership - New Initiative | Leadership |
Ashish Arora | Chief Technology And Product Officer | Leadership |
Harpal Singh Sohi | Head Of People | Leadership |
Savijeet Singh | Head Of Growth | Leadership |
Vinaykumar Vvs | SDET | Team |
Srinidhi Kashyap | Software Engineer | Team |
Shivam Saxena | Tech@zolve | Team |
Shubhendu Goswami | Tech@zolve | Team |
Sachin Varma | Tech @ Zolve | Team |
Snehashish Dorle | Marketing @ Zolve | Team |
Niveditha Nadimpalli | Product | Team |
Hari Babu S | Corporate Relationship Manager | Team |
Yash Solanki | Visual Designer | Team |
Ashok Raavi | Product | Team |
Ankit Renee T. | Founding Member | Program Manager - Global Strategic Partnerships & Growth | Team |
Bikash Ranjan Roy | Partnerships & Customer Acquisition ( Overseas Students Credit Card ) | Team |
Sourav Saraff | Business Growth | Team |
13 more people are available in the full profile.
Complete people profiles for Zolve
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.
Financials of Zolve
Figures of Zolve Innovations Private Limited, the primary company behind Zolve, for FY 2025. Revenue was ₹54.63 Cr (+19% year on year). Net loss was -₹2.15 Cr (-4% margin). EBITDA was ₹11.15 Cr (20% margin). Revenue has grown at a compounded annual rate of +2% over three years.
- ₹54.63 CrRevenue · FY 2025 · +19% YoY
- -₹2.15 CrNet loss · -4% margin
- ₹11.15 CrEBITDA · 20% margin
- ₹1 LakhPaid-up capital
- 119Employees (provident fund records)
- +2%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Zolve Innovations Private Limited are on its company page.
Detailed financial statements for Zolve
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Zolve
4 dated milestones of Zolve across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Zolve is founded.
- Funding First funding round of $15.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $51.0M.
Competitors of Zolve
Zolve 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 Nomad, CAURI Money, Emigre, Adro and Aeldra, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nomadglobal.com | 2019 | Menlo Park, United States | $113M | – | Digital banking services for individuals are offered by Nomad. | |
| cauri.money | 2021 | United States | – | – | Developer of a digital bank for ex-pats | |
| emigre.us | 2021 | Sunnyvale, United States | $125,000 | – | Provides platform for NRIs in US to open accounts, send remittances, and invest in India. | |
| joinadro.com | 2024 | New York, United States | $2M | – | Financial services are offered to international clients in the US. | |
| aeldra.com | 2019 | Palo Alto, United States | $3M | – | Operates as a digital bank for individuals, investors, and businesses. | |
| tellerone.co | 2021 | New Castle, United States | – | – | Online banking services are delivered via a digital platform. |
Detailed competitors of Zolve
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 Zolve
The website of Zolve (zolve.com) receives about 570.7K visits a month and ranks #73,567 among all websites worldwide, #4,655 in Investing.
- Monthly visits570.7K
▲ 56.7% vs previous month
- Unique visitors230.4K
per month
- Global rank#73,567
among all websites
- Category rank#4,655
Finance · Investing
- Bounce rate25%
- Pages per visit10.8
- Average visit5 min 07 sec
- DevicesDesktop 10% · Mobile 90%
Websites whose visitors overlap most with Zolve. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
thefrugalexpat.com | thefrugalexpat.com | 100% | – | – | – |
| winvesta.in | 100% | 37.6K | #940,032 | View details | |
| karboncard.com | 74% | 50.7K | #699,280 | View details | |
| discover.com | 65% | 40.3M | #908 | View details | |
| dccreditunion.coop | 61% | – | #1,856,206 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Zolve
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 24 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Zolve
Complete news archive for Zolve
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 Zolve
10 companies that operate in the same segment as Zolve (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Zolve
Zolve was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Zolve is headquartered in New York, United States. It is registered at New York, New York, United States.
Zolve is a funded company, having raised a total of $106M across 5 funding rounds to date. The company's 1st funding round was a Seed of $15M, raised on Feb 2021.
Zolve has 119 employees.
The primary company behind Zolve, Zolve Innovations Private Limited, reported revenue of ₹54.63 Cr for FY 2025, up 19% year on year.
Various financial solutions are offered by Zolve, targeting individuals in need of USA credit cards, overseas student loans, and USA checking accounts. Services are designed to support international students and residents with banking needs in the United States. The focus is placed on accessible financial products within the consumer banking sector.
Zolve's top competitors include Nomad, Adro and CAURI Money.
Zolve offers USA Credit Cards, Overseas Student Loan, and USA Checking Account.
Zolve has 20 investors. Key investors include HSBC, Accel, Lightspeed Venture Partners, Lightspeed India, and Community Investment Management.
The valuation of Zolve is $210M as of Oct 2021.
Zolve operates through Zolve Innovations Private Limited.
The legal entities of Zolve currently have 2 directors, including Shilpa Balkur Udupa, Raghunandan Gangappa.