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Zolve to raise $25 million from Creaegis as part of larger funding round.
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Valuation expected to be $330-360 million, up from $210 million in previous round.
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Funds to be used for expansion to new geographies like UK, Canada, and Australia.
Zolve, a cross-border neobanking startup, is set to raise $25 million in fresh funding from Creaegis. The new round values the company at $330-360 million, a significant increase from its previous valuation of $210 million. Zolve plans to use the funds to expand its services to new geographies like the UK, Canada, and Australia.
Zolve has seen significant growth since its inception in 2021, with over 500,000 users and transactions of more than $600 million. The company has raised over $150 million in equity and debt financing in just three years. Creaegis, founded by former Premji Invest managing partner Prakash Parthasarathy, has backed several startups, including Third Wave Coffee Roasters and Medikabazaar.
