Zolve Secures $251 Million in Series B Funding to Revolutionize Cross-Border Banking for Immigrants and Global Professionals

In a landmark funding round, Zolve, the cross-border neobank transforming financial services for immigrants, international students, and global professionals, has raised $251 million in its Series B financing. This includes $51 million in equity and a staggering $200 million in debt, one of the largest debt financings secured by an Indian-origin startup in 2025. The investment underscores growing investor confidence in Zolve’s innovative business model and positions the company for aggressive expansion into new markets and product categories.

Founded in 2021 by Raghunandan G, Zolve addresses a critical gap in the global financial system: the lack of access to banking and credit services for individuals moving to new countries. By leveraging users’ financial data from their home countries, Zolve eliminates the need for a Social Security number, offering FDIC-insured U.S. bank accounts and credit cards to newcomers even before they arrive. To date, the platform has served over 750,000 customers and processed more than $1.2 billion in transactions, establishing itself as a leader in cross-border fintech.

A Bold Vision for Expansion

With this fresh capital infusion, Zolve is set to expand its footprint beyond the U.S., targeting Canada, the UK, and Australia. These markets are home to large populations of international students, professionals, and immigrants who often face similar challenges in accessing financial services. The company plans to introduce a suite of new financial products, including auto loans, personal loans, and education loans, further solidifying its position as a comprehensive financial platform for globally mobile individuals.

“Financial systems today are not built for mobility,” says Raghunandan G, Founder and CEO of Zolve. “Our mission is to break down these barriers and provide seamless financial access to immigrants and internationally mobile individuals. This funding will enable us to scale our operations, expand into new geographies, and introduce innovative products that meet the unique needs of our customers.”

Scaling Credit Offerings and Enhancing Services

The $200 million debt component, provided by Community Investment Management (CIM), will play a pivotal role in scaling Zolve’s credit offerngs. By introducing auto loans, personal loans, and education loans, Zolve aims to become a full-stack financial platform that caters to every aspect of its customers’ financial lives. Additionally, the company plans to enhance its existing banking services, streamline operations, and deliver an unparalleled customer experience.

Zolve has already achieved customer-level profitability and is on track to achieve company-wide profitability by the end of 2025. This latest funding round will help sustain its growth trajectory while reinforcing its commitment to providing accessible and inclusive financial solutions.

A Growing Market with Untapped Potential

The global demand for cross-border financial services is immense. According to industry reports, millions of immigrants and international students move to new countries each year, only to encounter significant hurdles in accessing banking and credit services due to a lack of local credit history. Zolve’s innovative approach bridges this gap, enabling newcomers to establish financial stability from day one.

“Zolve is addressing a critical pain point in the global financial ecosystem,” said a representative from CIM. “Their ability to leverage data from users’ home countries to provide seamless financial access is truly groundbreaking. We’re excited to support their vision of becoming a leader in cross-border fintech.”

Looking Ahead: A Leader in Cross-Border Fintech

As Zolve embarks on its next phase of growth, the company is poised to redefine how globally mobile individuals interact with financial systems. By expanding into Canada, the UK, and Australia, Zolve will serve an even broader audience while continuing to innovate its product offerings. From banking and credit to international money transfers, insurance, and investment products, Zolve is committed to becoming a one-stop financial platform for immigrants and global professionals.

With a strong foundation, proven market demand, and ambitious expansion plans, Zolve is well-positioned to lead the charge in cross-border fintech. As the company moves closer to achieving full-scale profitability, it remains steadfast in its mission to make financial inclusion a reality for millions worldwide.

For those seeking seamless banking solutions across borders, Zolve is paving the way to a brighter financial future.

Unlock Seamless Banking Across Borders – Explore Zolve’s Services Today!