India, March 11 -- Cross border neobanking startup Zolve has secured $251 Mn in a mix of equity and debt as part of its Series B funding round led by Creaegis, along with participation from HSBC, SBI, GMO and DG Daiwa.

Of the total fundraise, $51 Mn was raised in equity, while the remaining $200 Mn was raised in debt.

Meanwhile, a separate Reuters' report said that the funding was raised at valuation of $800 Mn.

Founded in 2021 by serial entrepreneur and TaxiForSure cofounder Raghunandan G, Zolve touts itself as a cross-border neobanking startup that offers immigrants an FDIC-insured US bank account and a credit card without the need for a social security number in the United States.

It claims to address the plight of Indians and othe...