Elevate Pay

Elevate Pay (YC W22, formerly Bloom) provides FDIC-insured US-based USD deposit accounts to freelancers, remote workers, and digital nomads in emerging markets including Pakistan, Bangladesh, Egypt, and the Philippines. Users can receive ACH and wire payments from international employers and platforms like Upwork, Deel, and Fiverr with zero fees, store USD balances, and withdraw or send money internationally. The platform also supports P2P transfers via Elev@Tag and integrates with investment platforms like Alpaca through Plaid, enabling users to invest globally from their USD balance. Elevate Pay raised $5M in 2024 to expand across additional emerging markets.