Zolve, a new Neobank aiming to serve expatriates, has launched its own mobile service called Zolve Connect.
Zolve states that expats attending university or working in the US can launch a phone plan from the Zolve App. The company believes that by binding financial services with a phone plan, Zolve can more effectively market and cater to the international community.
Zolve states that it has partnered with Gigs, a telecom-as-a-service platform that allows any company or brand to launch a customized mobile service.
Raghunandan G, founder and CEO of Zolve, explains that the process of accessing financial services or a SIM card in the US is time-consuming and complicated, but by combining a mobile plan with the Neobank service, they can add value for users while driving a reoccurring revenue stream.
Hermann Frank, co-founder and CEO at Gigs commented:
“With more than one million people relocating to the US every year, Zolve has identified a huge underserved group. By combining easy access to both financial services and phone plans under one roof, Zolve is positioned as the prime destination for US-bound expats looking to hit the ground running. We are proud to enable Zolve Connect through our full stack telecom platform and look forward to accompanying Zolve on their entrepreneurial journey as a growth partner.”
In February 2021, Zolve raised $15 Million in seed funding, led by Accel and Lightspeed. In October 2021, it raised another $40 Million in a Series A funding round.