Curated News
By: NewsRamp Editorial Staff
April 09, 2024
Adro Secures $1.5M Pre-Seed Funding to Improve Access to Financial Services for U.S. Newcomers
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GithubTLDR
- Adro secures $1.5M pre-seed funding round to provide financial services for international students and workers, giving them a competitive advantage in accessing banking services.
- Adro offers checking and savings accounts, as well as debit and credit cards, with a planned launch for later this year, addressing the methodical needs of newcomers to the U.S.
- Adro's mission to help internationals unblock access to financial services and provide educational resources has the potential to make a real impact on people’s lives, creating a better world for newcomers.
- Adro, a New York-based fintech, is making financial services more accessible for international students and workers, backed by investors who deeply believe in equal access and opportunity.
Impact - Why it Matters
Adro's funding round and mission to provide financial tools for international students and workers will address the significant barriers they face in accessing banking services upon arrival in the U.S. This will help newcomers find stability and thrive, while also increasing financial literacy and on-time tuition payments for universities.
Summary
Adro, a New York-based fintech, secured a $1.5M pre-seed funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. The company aims to make financial services more accessible for international students and workers, providing them with checking and savings accounts, as well as debit and credit cards. The funding will be used to scale the engineering team and accelerate platform development.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Adro Secures $1.5M Pre-Seed Funding to Improve Access to Financial Services for U.S. Newcomers
