Zolve, a neobank specializing in financial services for skilled immigrants, is set to launch in Canada this summer as part of its global expansion. The move follows a $251 million funding round, comprising $51 million in equity and $200 million in debt.
Founded in 2021, Zolve addresses the credit access gap faced by newcomers lacking local credit history, enabling them to secure credit cards, loans, and banking services upon arrival. With 750,000 customers and $1.2 billion in transactions, the startup is expanding beyond the U.S. market into Canada, the U.K., and Australia.
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