Zolve, a neo-banking start-up in India, has launched a range of financial services aimed at US immigrants from around the world.
Zolve will offer services such as FDIC-insured US bank account, credit card, and debit card.
The neo-bank has teamed up with Community Federal Savings Bank (CFSB) to offer these services without a social security number upon arrival.
Zolve has users from Australia, Canada, Germany, India, and the United Kingdom on its waitlist.
Zolve founder and CEO Raghunandan G said: “We created Zolve to level the playing field for international students and working professionals looking to come to the United States by providing them with the toolset they need to embark on their American dream.”
“Before Zolve, US immigrants were not able to obtain a bank account or a credit card without waiting months, sometimes years, to establish credit or obtain a Social Security Number. Our mission is to create a financial world beyond borders with equal access to high-quality banking products for global citizens from every country.”
Customers with valid visa and passport can apply online to use Zolve’s products.
Its products include Zolve credit card by Mastercard, Zolvo deposit account and Zolve banking mobile app that is integrated with Apple Pay, Google Pay, and Venmo.
Earlier this year, Zolve raked in $15m in seed funding and launched out of stealth mode.