Elevate provides US-based banking services to international workers in Africa, South America, and the Middle East.
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Elevate, formerly known as Bloom, is a banking service provider facilitating cross-border banking for international workers. It offers US-based banking services to non-US residents in Africa, South America, and the Middle East, providing FDIC-insured US bank accounts. Elevate partners with Bangor Savings Bank to enable transactions and fund transfers. It currently serves users in Egypt, Bangladesh, Philippines, and Pakistan. Elevate secured $5 million in pre-Series A funding, led by Negma Ventures, to expand into South Africa, Turkey, and other countries in South/Southeast Asia.
| Date | Round | Amount | Lead |
|---|---|---|---|
| 11 يونيو 2024 | $5.0M |