Tag: Neobank

Zolve Closes $40 Million Series A Funding Round at a Valuation of $210 Million

Zolve, a neobank enabling global access to financial services, has announced the closing of $40 million in Series A funding. The round was led by Partners of DST Global, who have previously led rounds in many prominent global fintechs such as Robinhood, Nubank, Chime, Revolut, and Wealthsimple. The round also recorded participation from Tiger Global.…

Neobank First Boulevard Raises $5 Million Seed Investment

First Boulevard, a digitally native neobank focused on improving the financial livelihood of Black America, has raised $5 million in Seed funding from a group of financial services investors including Barclays and Anthemis and notable angels such as Gabrielle Union, John Buttrick and Jamere Jackson. With its latest raise, First Boulevard aims to expand its…

Neobanking platform Open acquires Optobizz

Open – a Neobanking platform has acquired Optobizz, for $5 million in a stock-plus-cash deal. The neobanking firm is looking to set up a development centre in Hyderabad. Anish Achuthan – Co-founder and CEO of Open Financial Technologies Pvt. Ltd, said, ‘The acquisition would help Open strengthen its product capabilities and offer innovative solutions for…