Zolve, the neobank startup that helps immigrants in the US to access financial services, has raised Rs 300 crore ($40 million) in a Series A round of funding.
This round was led by Partners of DST Global, with participation from Tiger Global, Alkeon Capital, as well as existing investors Accel and Lightspeed Venture Partners. Zolve is now valued at Rs 1,575 crore ($210 million).
The startup aims to use this capital to scale its financial services platform besides expanding the partner network as well as the hiring of talent in the US and India.
