Zolve Raises $251 Million To Solve The Credit Challenge For Migrants

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Fri, March 14, 2025

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Zolve Raises $251 Million To Solve The Credit Challenge For Migrants

//business-finance.news-articles.net/content/202 .. -to-solve-the-credit-challenge-for-migrants.html

Published in Business and Finance on Tuesday, March 11th 2025 at 10:21 GMT by Forbes

Zolve helps migrants secure access to basic financial services such as credit cards when they move country for work or to study

Zolve, a fintech startup focused on providing credit solutions for migrants, has successfully raised $251 million in a funding round led by prominent investors including Tiger Global and Sequoia Capital. The company aims to address the significant challenge migrants face in accessing credit in their new countries due to a lack of local credit history. Zolve's innovative approach involves using alternative data points to assess creditworthiness, such as utility payments, rental history, and even social media activity. This funding will enable Zolve to expand its operations, enhance its technology, and broaden its service offerings to include banking, remittance, and insurance products tailored for the migrant community. The initiative not only seeks to empower migrants financially but also to foster financial inclusion on a global scale.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/davidprosser/2025/03/11/zolve-raises-251-million-to-solve-the-credit-challenge-for-migrants/ ]

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