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Elevate (formerly Bloom)

YC W22

Dubai, AE · Founded 2021 · 7 employees · Hiring · 4 known investors

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Elevate provides online banking accounts for workers globally, partnering with established banking institutions to offer secure financial services and protection regardless of geographic location.

Also known as Bloom Financial Technologies, Inc. · bloom · Bloom · EAFT (Bloom) · EAFT (Brand name: Bloom). · East Africa Financial Technologies Inc (Brand name: Bloom).

FintechPaymentsConsumerNeobankUnited Arab EmiratesMiddle East and North AfricaPartly Remote

Founders & leadership· Y Combinator alumni (W22)

Elevate (formerly Bloom) was founded in 2021 by Khalid Keenan, Youcef Oudjidane, and Abdigani Diriye.

KKKhalid Keenan
Khalid KeenanCo-Founder & CEOKhalid Keenan studied computing at Imperial College and has spent over a decade as a software engineer in banking and financial services, specializing in risk and investment management systems.
YOYoucef Oudjidane
Youcef OudjidaneCFOYoucef Oudjidane studied mathematics at the University of Nottingham and has held roles in capital markets transactions and early-stage venture investment, including work with the Dubai Government.
ADAbdigani Diriye
Abdigani DiriyeCo-Founder & Board Member2021–2023Diriye is a scientist and technology leader with background in fintech, human-computer interaction, and natural language processing, having published over 50 research papers and patents. He is the founder of Elevate, which provides online banking accounts for workers globally in partnership with established financial institutions.
MA
Meriam AbuelgasimGeneral Manager
AI
Ahmed IsmailFounderuntil 2023

Investors · 4

Fund I, a series of Africa FinTech Collective, LPlisted by Fund I, a series of Africa FinTech Collective, LP
LoftyInc Capitallisted by LoftyInc CapitalHouston

How we know: LoftyInc Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Global Founders CapitalreportedBerlin · $1M

How we know: Y Combinator's founder network · Not right? Tell us

Related companies · 10

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Z1Z1 offers a mobile banking application and linked prepaid card for teenagers and young adults in Latin America, enabling account holders to manage spending, receive income from jobs and side work, and build financial skills.
RevolutLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
WHIZWhiz is a fintech application in Indonesia that offers high-yield savings products, including a Smart Saver deposit account (6.75% p.a.) and daily savings features, with funds secured by the Lembaga Penjamin Simpanan (LPS) deposit guarantee scheme. The app also provides payment services via QRIS and bill-splitting functionality for individual savers.
RemitlyRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
Kapital BankKapital is a financial services platform offering digital banking, payment processing, and investment products in Mexico. The platform enables users to manage accounts, transfer funds, pay bills, and invest in financial instruments like Pagaré and CEDES through a mobile app.
CarddaCardda provides corporate spend management through virtual and physical cards, automated payments, and real-time expense visibility for businesses across industries. The platform centralizes expense control, invoice management, and financial operations for teams of any size.
InstaremInstarem operates a cross-border money transfer service enabling individuals and small-to-medium businesses to send funds internationally with competitive exchange rates and low fees. The platform serves customers across more than 60 locations globally, having processed over $6 billion in annual transfers.
FAZZFazz Financial provides integrated financial services solutions for businesses and consumers, supporting daily digital financial needs and business operations in Indonesia.
Transfer GoTransferGo is a financial platform that enables money transfers and financial services for people and businesses across borders, serving expatriates, freelancers, and international users in over 160 countries.

Companies working in the same space as Elevate (formerly Bloom).

Legal entities · 1

corporate structure
Bloom Financial Technologies, Inc.

In the news

Starting in war-torn Sudan, YC-backed Elevate now provides fintech to freelancers globally | TechCrunchtechcrunch.com · Jun 2024

Frequently asked questions

What does Elevate (formerly Bloom) do?
Elevate provides online banking accounts for workers globally, partnering with established banking institutions to offer secure financial services and protection regardless of geographic location.
Who founded Elevate (formerly Bloom)?
Elevate (formerly Bloom) was founded by Khalid Keenan, Youcef Oudjidane, Abdigani Diriye in 2021.
Who are Elevate (formerly Bloom)'s investors?
Elevate (formerly Bloom)'s investors include Y Combinator, Fund I, a series of Africa FinTech Collective, LP, LoftyInc Capital, Global Founders Capital.
Where is Elevate (formerly Bloom) headquartered?
Elevate (formerly Bloom) is headquartered in Dubai, AE.