Debt financing
Neobank Zolve raises $100-M from CIM to offer credit products
US- and Bengaluru-based Zolve, an international neo-banking company, has secured a debt facility of USD 100 million from Community Investment Management (CIM). Zolve will use the funding to offer credit products to Indians in the US. Zolve aims to become a financial ally for the global citizen, aligning seamlessly in an interconnected world. In February 2021, Zolve raised USD 15 million in a seed funding round led by Accel and Lightspeed. In October 2021, it raised another USD 40 million in a Series-A funding round.
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