Elevate (formerly Bloom) YC Application
Elevate (formerly Bloom) went through Y Combinator in the Winter 2022 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.
- YC batch
- Winter 2022
- Industry
- FintechPayments
- Team size
- 7
- Status
- Active
- Launched
- 2022
Founders
Khalid KeenanFounder
Youcef OudjidaneFounder
What Elevate (formerly Bloom) does
We provide US based USD deposit accounts that sit with a licensed banking partner. Elevate's FDIC-insured USD accounts offer ACH, wire inbound and outbound payments, and a free Mastercard debit card. Our regional payout partners enable our users to send their money back home at very low cost. We're targetting non-US residents in emerging markets who struggle to get paid in USD.
Elevate (formerly Bloom)'s YC application, reconstructed
Y Combinator application
Elevate (formerly Bloom), Winter 2022 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Elevate (formerly Bloom)
US based USD accounts for non-US residents
We built FDIC-insured US dollar deposit accounts that non-US residents can open remotely. Our product integrates with a licensed banking partner to offer ACH, wire transfers inbound and outbound, and a free Mastercard debit card. We target users in emerging markets who get paid in USD but can't easily hold or spend it without high fees or risky workarounds. Our regional payout partners let them send money home at low cost.
We live and work out of Dubai, UAE, and the company is based there. After YC, we plan to keep the company in Dubai.
Dubai is central to our target markets in emerging regions, and it provides a friendly regulatory environment for fintech. Our team is here, so it makes sense operationally and strategically to build where we understand the local context.
21 more answers in the full application
Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.
Frequently Asked Questions
Is this the real Elevate (formerly Bloom) YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Elevate (formerly Bloom)'s public data (launch notes, founder backgrounds, product description). It shows how a company like Elevate (formerly Bloom) would present itself to YC, not the text they submitted.
What YC batch was Elevate (formerly Bloom) in?
Elevate (formerly Bloom) was part of the Y Combinator Winter 2022 batch.
Who founded Elevate (formerly Bloom)?
Elevate (formerly Bloom) was founded by Khalid Keenan, Youcef Oudjidane.
What does Elevate (formerly Bloom) do?
US based USD accounts for non-US residents
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of Elevate (formerly Bloom)'s application, and every other YC batch, is in YC Insights.
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