Curated News
By: NewsRamp Editorial Staff
March 26, 2025
Adro Secures Additional Investment with Backing from New York State Venture Arm
TLDR
- Adro secures $500,000 investment, accelerating mission to make financial services accessible to international students and workers in the US.
- Adro receives additional funding from NY Ventures and Jim Wiseman, bringing total pre-seed funding to $2 million.
- Adro's mission to provide financial services to underserved international communities supported by NY Ventures fosters inclusive entrepreneurship and economic opportunity.
- Adro to launch US dollar business accounts for international companies, expanding reach and enabling acceptance of US card payments.
Impact - Why it Matters
This news matters as it showcases Adro's commitment to financial inclusion for international students and workers. The investment will accelerate their mission to provide much-needed financial services, ultimately contributing to economic opportunity and innovation in New York State.
Summary
Adro, a New York-based technology company, has secured an additional $500,000 investment in their $2 million pre-seed round. The investment includes contributions from Empire State Development’s NY Ventures and Jim Wiseman, President of Margaritaville Development, among others. Adro focuses on providing financial services to international students and workers moving to the US.
CEO Amarildo Gjondrekaj expressed gratitude for the support, highlighting the importance of making financial services accessible to underserved communities. The company will soon launch US dollar business accounts for international companies. Additionally, COO Sara Schmitt was accepted into the Nasdaq Entrepreneurial Center Milestone Makers program.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Adro Secures Additional Investment with Backing from New York State Venture Arm
