Accel & Lightspeed Infuse $15 Million in TaxiForSure's Raghunandan G's Fintech Startup Zolve

TaxiForSure’s Raghunandan G’s new startup, Zolve has raised $15 million in a seed round led by Accel Partners and Lightspeed Ventures. Founder Collective, an investor in Airtable and Uber also made its maiden investment in an Indian startup with this round. The seed round also saw participation from Blume Ventures and angel investors, including Dr Ashish Gupta, ex-Helion MD; Greg Kidd, angel investor; Kunal Shah, Founder, Cred; Rahul Mehta, Managing Partner, DST Global; and Rahul Kishore, Senior Managing Director, Coatue Capital.

Founded in 2020, Zolve is a global Neobank that aims to provide banking and financial services to individuals looking at migrating to international geographies. The fresh capital will be utilized by Zolve to build its core technology platform, the team, and marketing efforts.

Raghunandan G, Founder, Zolve, said, “In an increasingly connected world, though people are moving across countries at an accelerated pace, the global financial systems are archaic and fragmented, creating headwinds for a global citizen. With Zolve, we aim to create a financial world beyond borders that provides equitable access to global financial products on one single platform. "Our cross-border neobank will 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”.

Raghunandan is the founder of TaxiForSure, a cab hailing platform that was acquired by Ola for $200 million in 2015.

Speaking about the investment, Anand Daniel, Partner, Accel, said, "The global citizen community is largely underserved in terms of access to financial services and we believe that there is a huge market opportunity for Zolve. Raghu has a proven track record as a founder and we are delighted to partner with him again, on his latest venture. The team's passion and commitment are commendable and we are positive that Zolve will create tremendous value for this community."