Elevate (formerly Bloom)

US based USD accounts for non-US residents

Y CombinatorWinter 2022ActiveFintechPaymentsFintechPaymentsConsumerNeobank

What they do

Problem

Non-US residents in emerging markets struggle to receive and manage USD payments due to limited access to US-based banking and affordable cross-border transfers.

Solution

Elevate provides FDIC-insured US-based USD deposit accounts via a licensed banking partner with ACH/wire payments, a Mastercard debit card, and low-cost regional payout options.

Who it's for

Non-US residents in emerging markets who need a US-based USD account to get paid and move money internationally.

Founders

Khalid Keenan

Founder

Imperial College graduate in Computing. Over 10 years experience as a software engineer in banking and financial services with a focus on risk and investment management.

Youcef Oudjidane

Founder

I began my career helping companies go public in the U.S. before transitioning into early-stage investments, starting with the Dubai Government. I studied Mathematics at the University of Nottingham.