Zolve’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Zolve Innovations Private Limited | CIN: U72900KA2020PTC142465
Founded by Raghunandan G in 2020, Zolve is a global neobank aiming to simplify cross-border banking for individuals relocating to the US from India and other countries. The company provides seamless access to financial products such as US bank accounts, credit cards, and credit building services, even before customers arrive in the US. By bridging financial access gaps and leveraging strong technology infrastructure, Zolve empowers immigrants and students to establish a solid financial foundation abroad. The company’s customer-first approach, rapid execution, and strong investor backing have enabled it to become a key player in the cross-border fintech space, with plans for future expansion into additional global markets.
| Founded | 2020 |
|---|---|
| Headquarters | Bengaluru, India & San Francisco, USA |
| Valuation | ~$210 million (2022 est.) |
| Annual Revenue (FY24 est.) | ₹10 Cr |
| Net Loss (FY24 est.) | ₹100 Cr |
| Employees | ~250 |
| Round | Year | Amount | Lead Investors |
|---|---|---|---|
| Seed | 2021 | $15 million | Accel, Lightspeed Venture Partners |
| Series A | 2022 | $85 million | DST Global, Tiger Global |
Zolve’s revenue has increased steadily from ₹2 Cr in FY22 to an estimated ₹10 Cr in FY24, reflecting early traction from its global banking products.
EBITDA margins remain deeply negative, improving gradually from -300% in FY22 to -200% in FY24 as operating efficiencies start to materialize.
Zolve has grown its team from 150 in FY22 to 250 in FY24, emphasizing product, compliance, and customer support teams to support cross-border expansion.
The company plans to launch new credit and financial products, deepen partnerships with US banks, and eventually expand to more immigrant-focused markets. IPO plans are longer-term as profitability stabilizes.
Zolve recently announced plans to expand into new corridors and enhance its credit-building offerings, further reinforcing its mission to simplify global banking for migrants and students.
| Metric | Detail |
|---|---|
| Revenue FY24 | ₹10 Cr (+67% YoY) – Early growth through new sign-ups and credit products. |
| Net Loss FY24 | ₹100 Cr – High losses typical of aggressive global expansion strategy. |
| EBITDA Margin | -200% – Reflecting continued investment in user acquisition and compliance. |
| Valuation | $210 million – Backed by strong investors and global market potential. |
| Employee Count | 250 – Focused hiring to support rapid growth and regulatory requirements. |
Zolve’s mission to bridge financial access gaps for global citizens has led to strong initial momentum, despite high operating losses. Its technology-driven, customer-centric approach positions it for long-term success as it scales into new markets. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Entrackr, Economic Times, Business Standard, Zolve press releases.
Disclaimer: The information presented in this report is intended for general informational purposes only and does not constitute investment advice. All financial data is based on public sources and estimates where necessary.