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 as of April 04, 2024. 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 as on 04 Apr, 2024
- Founders Raghunandan Gangappa
- Stage Minicorn
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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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- Legal Name Zolve Innovations Private Limited
- Date of Incorporation 22 Dec, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$7.89 M (USD)28.87as on Mar 31, 2023
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Net Profit
-$271.53 K (USD)-3614.89as on Mar 31, 2023
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EBITDA
-$205.77 K (USD)-427.64as on Mar 31, 2023
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Total Equity Funding
$106 M (USD)
in 5 rounds
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Latest Funding Round
$51 M (USD), Series B
Mar 11, 2025
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Investors
HSBC
& 19 more
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Employee Count
119
as on Apr 04, 2024
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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.
People of Zolve
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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.
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.
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Financial schemes and rights management under Creaegis.
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Venture capital funds are managed to support unlisted companies' growth.
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Early-stage tech ventures in the US and Asia are funded.
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Investor details for Zolve
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Investments & Acquisitions by Zolve
Investment portfolio details for Zolve
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Financial Statements - Zolve
Detailed financials for Zolve
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Zolve Comparisons
Peer comparison for Zolve
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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.
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Digital banking services for individuals are offered by Nomad.
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Developer of a digital bank for ex-pats
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Provides platform for NRIs in US to open accounts, send remittances, and invest in India.
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Financial services are offered to international clients in the US.
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Operates as a digital bank for individuals, investors, and businesses.
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Detailed competitors of Zolve
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Latest news on Zolve
Complete news archive for Zolve
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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.
As of Apr 04, 2024, the latest employee count at Zolve is 119.
Annual revenue of Zolve is $7.89M as on Mar 31, 2023.
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.