Published on September 22, 2021
Allowing a safe and secure way for U.S immigrants from around the world to financially prepare for a new life and build credit upon entering the U.S.
Bengaluru : Zolve, the first neobank enabling global access to financial services, announced today the launch of unique financial products which provide U.S. immigrants from around the world the ability to obtain an FDIC-insured U.S. bank account, credit card, and debit card upon entering the U.S. — all without a social security number, in partnership with Community Federal Savings Bank (CFSB). Zolve has created the opportunity for U.S. immigrants to start building their financial future in America from the moment they arrive.
With users from Australia, Canada, Germany, India, and the United Kingdom on their waitlist, Zolve launched in beta in August 2021 and has since seen over 43,000 signups.
Customers can apply online in under 10 minutes by providing proof of a valid visa and passport. Zolve products include:
“We created Zolve to level the playing field for international students and working professionals looking to come to the United States by providing them with the toolset they need to embark on their American dream,” said Raghunandan G (Raghu), Founder and CEO of Zolve. “Before Zolve, U.S. immigrants were not able to obtain a bank account or a credit card without waiting months, sometimes years, to establish credit or obtain a Social Security Number. Our mission is to create a financial world beyond borders with equal access to high-quality banking products for global citizens from every country.”
Zolve launched out of stealth mode in February 2021 with $15 million in funding from marquee investors such as Accel, Lightspeed Venture Partners, Founder Collective, and a host of notable angel investors and plans to expand its operations globally, further tapping into the global financial product market for immigrants.