Also known as: East Africa Financial Technologies Inc (Brand name: Bloom)., EAFT (Brand name: Bloom)., EAFT (Bloom), Bloom, bloom, Bloom
US based USD accounts for non-US residents
Company is active
Event Year: 2022
Company is active
Event Year: 2022
Elevate, formerly known as Bloom, offers U.S.-based USD deposit accounts for non-U.S. residents, facilitated through a licensed banking partner. These FDIC-insured accounts provide comprehensive financial services, including ACH and wire transfers for both inbound and outbound payments. Users also benefit from a complimentary Mastercard debit card. Elevate streamlines international money transfers through regional payout partners, enabling users to send funds to their home countries at significantly reduced costs. The company specifically targets non-U.S. residents in emerging markets who face challenges receiving payments in USD, providing a reliable and cost-effective solution for managing their finances.
Elevate, formerly known as Bloom, offers U.S.-based USD deposit accounts for non-U.S. residents, facilitated through a licensed banking partner. These FDIC-insured accounts provide comprehensive financial services, including ACH and wire transfers for both inbound and outbound payments. Users also benefit from a complimentary Mastercard debit card. Elevate streamlines international money transfers through regional payout partners, enabling users to send funds to their home countries at significantly reduced costs. The company specifically targets non-U.S. residents in emerging markets who face challenges receiving payments in USD, providing a reliable and cost-effective solution for managing their finances.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2022
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2022
Fintech
Fintech
Fintech -> Payments
Fintech -> Payments
Team size: 7
Hiring: Yes
Team size: 7
Hiring: Yes
