Cross-border fintech Zolve raises $251 million in equity-debt mix from Creaegis, others

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Cross-border financial services platform Zolve has secured $251 million in a debt-equity mix funding round led by Creaegis. The startup offers credit facilities to students and professionals moving to the United States from other countries.

Out of the total funds, $51 million is an equity infusion and the rest is debt. Other than Creaegis the round saw participation by HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global.

Accel, DST Global, and others had…



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Cross-border fintech Zolve raises $251 million in equity-debt mix from Creaegis, others


Cross-border financial services platform Zolve has secured $251 million in a debt-equity mix funding round led by Creaegis. The startup offers credit facilities to students and professionals moving to the United States from other countries.

Out of the total funds, $51 million is an equity infusion and the rest is debt. Other than Creaegis the round saw participation by HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global.

Accel, DST Global, and others had…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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