Fintech Company Elevate Secures USD 5 M Pre-Series A To Expand Into South Africa
- Elevate secures USD 5 M pre-Series A funding round led by Negma Ventures.
- Elevate provides US-based banking services to non-US residents from Bangladesh, Egypt, the Philippines, and Pakistan.
- Elevate plans to expand its operations into South Africa, Turkey, and countries in South Asia and Southeast Asia.
The funding secured by Elevate will enable the company to expand its reach into new markets, increasing its potential customer base. This expansion aligns with the growing demand for fintech services in South Africa and other regions, providing an opportunity for Elevate to establish a strong presence.
