Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

Zolve raises $251 million in its latest equity and debt financing round

by AIP Online Bureau | Mar 12, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management, Technology | 0 comments

The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the UK and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio

Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment.

The latest funding, by far the largest in the Houston, Texas-based company’s history, has given it a valuation of around $800 million, a source close to the deal told Reuters.

The funding for cross-border company Zolve comes at a time when venture funding in the United States has remained subpar, while activity in India has seen a significant bump.

Creaegis, a company headquartered in the southern Indian city of Bengaluru, also led Zolve’s previous financing in 2024.

Zolve seeks to end credit woes for new entrants to the U.S. who are considered high-risk borrowers, by helping them access financial services from their first day in the country.

“When talented people move countries, their financial history is erased overnight. We’re changing that by giving global citizens access to credit and banking from day one,” said Zolve’s founder and CEO Raghu Gangappa.

The funding round will help the company scale its business, Zolve said.

The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the UK and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio.

The funding round also featured some other existing investors like Accel, Lightspeed Venture Partners and Sparta Group.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • LIC tops PSUs chart with record Rs 19,013 cr profit in Q4
  • Torrential monsoon rains kill at least 30 in North East states
  • Rising Resilience: With Rs154 cr net profit in Fy25,United India unveils strategies to push growth and profitability
  • Profits earned through ethical means create wealth for nation FM
  • Higher Q4 helps clock 6.5 pc GDP growth in FY25 India world’s 5th largest economy

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy