Elevate Pay
USD Banking for Remote Workers Around the World
Elevate Pay was founded in 2021, is headquartered in Dover, United States, lists 11–50 employees, and has $11.5M in recorded funding across 2 rounds.
- Headquarters
- Dover, Delaware
- Employees
- 11–50
- Founded
- 2021
- Business Model
- B2C
- Website
- withbloom.com
- Total Funding
- $11.5M
- Last Round
- $5.0M Venture RoundJun 2024
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 6 investors for this company. The full record is or through the API.
About
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.
Summary
Elevate Pay is a Fintech company based in Dover, United States, founded in 2021. It lists 11–50 employees. It has raised $11.5M in total across 2 rounds, most recently a $5.0M Venture Round in Jun 2024. Investors include Negma Group, Visa and Y Combinator.
Funding History
Jun 2024
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Funding: Seed through Venture Round. Amounts, valuations, and investors where available.
Investors
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