Zolve Revenue, Valuation, Funding & Investors

Zolve is valued at $800M as of March 2025, a 32.0x multiple on its last reported $25M revenue.

See full Zolve profile

Last Zolve valuation

$800M

Series B · Mar 2025

Last Zolve funding round

$51M

Series B · Mar 2025

Zolve revenue

$25M

Series B · Mar 2025

Key investors in Zolve

  • Accel
  • Lightspeed India Partners
  • Sparta Group
  • DST Global
  • Tiger Global
  • Blume Ventures

Zolve Overview

About Zolve

Zolve is a neo-banking platform launched in 2020 from Bangalore, India. It issues deposit accounts, prepaid cards, and facilitates money transfers, bill payments, and remittances. Zolve provides transaction monitoring dashboards and budgeting tools for expatriates and domestic users.


Founded

2020

HQ

IndiaBangalore

Website

zolve.com

Status

Privately held

Customer focus

B2C

Revenue model

Usage-based

Revenue

$25M (Mar 2025)

Valuation

$800M (Mar 2025)

Zolve Valuation

Zolve is currently valued at $800M, based on its Series B in March 2025.

The $51M round was led by Creaegis, with participation from HSBC, Sparta Group, DG Daiwa Ventures, SBI Investment, Lightspeed India Partners and 3 other investors.

Zolve's valuation has grown 3.8x from $210M at its seed round in February 2021 to $800M in March 2025, across 3 priced rounds.

Zolve valuation by funding round

Revenue multiple
Zolve valuation by funding round
DateStageValuationRevenue Multiple
Mar 2025Series B$800M32.0x
Oct 2021Series A$210M8.4x
Feb 2021Seed$210M8.4x

Zolve Revenue

Zolve's latest recorded revenue is $25M, as of its Series B in March 2025. At a $800M valuation, that implies a 32.0x revenue multiple.

Revenue moved from $25M in February 2021 to $25M in March 2025, while the revenue multiple moved from 8.4x to 32.0x.

Zolve revenue by funding round

Zolve revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2025$25M$800M32.0xSeries B
Oct 2021$25M$210M8.4xSeries A
Feb 2021$25M$210M8.4xSeed

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Zolve Funding History

Zolve has raised a total of $106M across 3 funding rounds.

Zolve's first fundraising round was a $15M seed round in February 2021. The most recent completed round was a $51M Series B in March 2025.

Zolve funding rounds

Zolve funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2025Series BCreaegis (lead); HSBC; Sparta Group; DG Daiwa Ventures; SBI Investment; Lightspeed India Partners; GMO VenturePartners; Accel; DST Global$51M$800MZolve is a Texas-based neobank founded in 2021 that provides banking, credit cards, loans, insurance, and money transfer services to high-skilled immigrants and global citizens relocating to the US, leveraging home-country credit data to enable access from day one despite lacking US credit history. It serves over 750,000 customers, has processed more than $1.2 billion in transactions, and achieved customer-level profitability in early 2024 while targeting company-wide profitability by end-2025. In March 2025, Zolve raised $51 million in Series B equity led by Creaegis, with participation from new investors HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing backers Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. The round also included $200 million in debt from Community Investment Management (CIM) for a total of $251 million, boosting post-money valuation to $800 million. This marks Zolve's largest funding to date, following a $40 million Series A in 2021 and prior rounds totaling around $406 million raised overall. The funds will fuel expansion into Canada by mid-2025, followed by the UK and Australia in 2026, alongside diversifying into auto, personal, and education loans. Zolve generated $25 million in net revenue in 2024 and plans to scale lending by underwriting expat credit risks via purchased loan books from partner banks. The company benefits from rising Indian fintech activity amid subdued US venture funding. Investors highlight Zolve's role in addressing credit gaps for relocators, with Creaegis emphasizing support for its global mission based on experience in SaaS and financial ecosystems.
Oct 2021Series ADST Global (lead); Sparta Group; Tiger Global; Lightspeed India Partners; Accel; Alkeon Capital$40M$210MZolve is a fintech neobank providing financial services to immigrants, particularly those moving to the US from countries like India, Australia, Canada, Germany, and the UK. It offers FDIC-insured bank accounts, high-limit credit cards, and debit cards based on home country credit scores without needing a US SSN or credit history. The platform launched full-scale services in September 2021 and quickly gained over 70,000 customers. On October 26-28, 2021, Zolve raised $40 million in a Series A funding round led by DST Global, with participation from Tiger Global, Alkeon Capital, and existing investors Accel and Lightspeed Venture Partners. This round valued the 10-month-old company at a post-money valuation of $210 million, marking one of India's largest Series A rounds at the time. The funding followed a $15 million seed round in February 2021 at $50 million valuation, bringing total raised to around $55-65 million. The capital is earmarked for scaling the financial services platform, expanding to more nationalities and countries including Europe and Canada, enhancing user experience for instant US account opening, growing the partner network, hiring talent in the US and India, and launching additional products like instant remittances, insurance, and loans to become a full-stack provider. Zolve demonstrated strong early traction with demand oversubscribing initial user cohorts by 90 times, reflecting unmet needs for immigrants' financial access. Investors highlighted the team's execution in customer acquisition and usage, drawing parallels to global fintechs like Chime, Robinhood, and Revolut.
Feb 2021SeedAccel (lead); Lightspeed India Partners (lead); Sparta Group; Rahul Kishore; Hard Yaka; Blume Ventures; Rahul Mehta; Founder Collective; Kunal Shah$15M$210MZolve is an India-based neobanking platform providing financial services like credit, deposits, and loans tailored for global citizens, particularly immigrants moving to the US from countries including Australia, Canada, Germany, India, and the UK. Founded in 2021 by Raghunandan G., previously of TaxiForSure sold to Ola for $200 million, Zolve launched in September 2021 and quickly gained over 70,000 customers. The company leverages home country financial data to underwrite credit for professionals and students relocating internationally. In February 2021, Zolve raised a $15 million seed round led by Accel and Lightspeed Venture Partners, with participation from Blume Ventures, Founder Collective, Greg Kidd, Kunal Shah, Rahul Kishore, Rahul Mehta, and Sparta Group. This seed funding preceded the October 2021 Series A round of $40 million led by DST Global partners, with Tiger Global, Alkeon Capital, Accel, and Lightspeed, valuing the company at $210 million post-Series A. The funds supported rapid scaling, US account openings, product launches, market expansion, partner network growth, and talent recruitment in the US and India. Zolve demonstrated strong early traction with 90x oversubscription in its initial user cohort. Subsequent rounds included a 2025 debt-equity mix of $251 million led by Creaegis at $1 billion valuation and a Series B equity raise of $51 million.

Who has invested in Zolve?

17 investors have backed Zolve across its funding rounds, including Accel, Lightspeed India Partners, Sparta Group, DST Global, Tiger Global and Blume Ventures.

Lead investors include Creaegis, DST Global, Accel and Lightspeed India Partners.


Zolve Investors

Investors in Zolve by funding rounds participated
InvestorHQRoundsRoleFirst check
Sparta GroupUnited StatesUnited States3ParticipantFeb 2021
Lightspeed India PartnersIndiaNew Delhi3LeadFeb 2021
AccelUnited StatesPalo Alto, CA3LeadFeb 2021
DST GlobalCayman IslandsGeorge Town2LeadOct 2021
HSBCUnited KingdomLondon1ParticipantMar 2025
CreaegisIndiaBangalore1LeadMar 2025
DG Daiwa VenturesJapanTokyo1ParticipantMar 2025
Rahul KishoreUnited StatesUnited States1ParticipantFeb 2021
Hard YakaUnited StatesLake Tahoe, NV1ParticipantFeb 2021
SBI InvestmentJapanTokyo1ParticipantMar 2025
Blume VenturesIndiaMumbai1ParticipantFeb 2021
Tiger GlobalUnited StatesNew York City, NY1ParticipantOct 2021
Rahul MehtaUAEDubai1ParticipantFeb 2021

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Zolve Competitors

Zolve competitors include listed companies like PicPay and Flywire, and private ones like TNG FinTech Group, Hala, GoTyme Bank and MNT-Halan.

Public and private companies comparable to Zolve
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PicPayBrazilBrazilPublicly listed$1.2B$205M$1.2B0.5x
TNG FinTech GroupHong KongHong KongPrivate--$860M-
HalaSaudi ArabiaRiyadhPrivate--$900M-
GoTyme BankPhilippinesManilaPrivate$31M-$680M21.9x
MNT-HalanEgyptCairoPrivate$300M-$1B3.3x
FlywireUnited StatesUnited StatesPublicly listed$623M$45M$2.2B2.6x

Zolve Public Comps

Zolve is still privately-owned, but its public comps include Judo Bank, SY Holdings Group, Green Dot, Bank Jago, Wema Bank, Cass Information Systems, PaySign, Eurowag, Forbright Bank and Superbank Indonesia.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Judo Bank$368M-2.2x2.1x--
SY Holdings Group$135M$120M5.8x-6.5x-
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x
Bank Jago$145M-5.1x3.7x--
Wema Bank$312M-2.8x---
Cass Information Systems$182M-4.6x4.1x--
PaySign$82M$16M8.3x6.4x43.3x20.7x
Eurowag$2.7B$119M0.5x3.0x10.3x7.5x

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Common questions about Zolve

When was Zolve founded?Zolve was founded in 2020.
Where is Zolve headquartered?Zolve is headquartered in Bangalore, India.
Is Zolve publicly listed?No, Zolve is a private, VC-backed company.
What is Zolve's valuation?Zolve was last valued at $800M in its Series B in March 2025.
How much funding has Zolve raised?Zolve has raised $106M across 3 funding rounds.
What was Zolve's last funding round?Zolve's last funding round was a $51M Series B in March 2025, led by Creaegis.
Who are Zolve's investors?Zolve's investors include Sparta Group, Lightspeed India Partners, Accel, DST Global, HSBC, Creaegis, DG Daiwa Ventures, Rahul Kishore, Hard Yaka, SBI Investment and 7 others.
What is Zolve's revenue?Zolve's latest recorded revenue is $25M (March 2025).
What is Zolve's revenue multiple?Zolve's latest valuation implies a 32.0x revenue multiple ($800M valuation on $25M of revenue).
Which companies are comparable to Zolve?Companies comparable to Zolve include PicPay, TNG FinTech Group, Hala, GoTyme Bank, MNT-Halan and Flywire.

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