Zolve Innovations Inc. Qorus Banking Innovation Awards 2022
IndiaCategory
Neobanks & Specialized PlayersKeyword
Retail banking
Innovation presentation
In an increasingly connected world, it's alarming that the world financially is still limited by geography. And the repercussions of these restrictions are often faced by immigrants moving across countries. They end up not getting easy access to otherwise essential financial services such as bank accounts and credit cards because the financial systems of one country do not listen to the ones in another country. In the case of America, when immigrants move, they don't get an SSN (Social Security Number) right away, and without SSN, significant banks in the U.S. don't give immigrants the credit they deserve. This is because the financial system overseas sees immigrants as high credit risk individuals due to a lack of enough credit data. This is where Zolve, as a promising neobank, enters the picture. Zolve aims to bring down these barriers and help immigrants flourish in a new country from day 1. We're on a mission to create a financial world beyond borders that provide equitable access to global financial products on one single platform. Our cross-border capabilities enable global citizens to access financial products seamlessly, save money and invest it further, helping them be financially free to pursue their ambition, no matter where they are. Keeping in mind this big dream of ours, we've currently helping Indian immigrants (students and working professionals) move to the U.S. to help them chase their American dream without worrying about their finances. And in just a year's time, since our launch in August 2021, we're glad to have made migration easier for so many global citizens. By doing this, not only has Zolve carved its place within the top consumer-first startups in India but globally too.
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