Zolve secures $40 million funding led by DST Global

Fintech startup Zolve has raised $40 million (about Rs 300 crore) in its Series A funding round, led by DST Global and participation from Tiger Global, Alkeon Capital, as well as existing investors Accel and Lightspeed Venture Partners.

The round, one of the largest Series A funding rounds in India’s startup ecosystem, values Zolve at $210 million, a company executive told ET.

In February, the startup had raised $15 million in its seed round at a valuation of $50 million.

The Delaware and Bengaluru-based startup, founded by former TaxiForSure co-founder Raghunandan G, specialises as a neo-banking platform for international migrants moving to the United States.