Fintech Company Elevate Secures USD 5 M Pre-Series A To Expand Into South Africa
Elevate secures USD 5 M pre-Series A funding round led by Negma Ventures. Elevate provides US-based banking services to non-US residents from Bangladesh, Egypt, the Philippines, and Pakistan.
Starting in war-torn Sudan, YC-backed Elevate now provides fintech to freelancers globally
Bloom, now Elevate, has launched its product in certain emerging markets, primarily targeting people in East and North Africa. The startup aims to help users protect their wealth by offering high-yield savings accounts and digital banking services based on the US dollar.
