Application YC di Elevate (formerly Bloom)

Winter 2022Active

Elevate (formerly Bloom) ha partecipato a Y Combinator nel batch Winter 2022 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC: Winter 2022
Settore: FintechPayments
Dimensione team: 7
Stato: Active
Lanciata: 2022

Founder

Khalid KeenanFounder
Youcef OudjidaneFounder

Cosa fa Elevate (formerly Bloom)

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.

Application YC di Elevate (formerly Bloom), ricostruita

Domanda per Y Combinator

Elevate (formerly Bloom), batch Winter 2022. Le vere domande del form, risposte da dati pubblici.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Elevate (formerly Bloom)

Describe what your company does in 50 characters or less.

US based USD accounts for non-US residents

What is your company going to make? Please describe your product and what it does or will do.

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.

Where do you live now, and where would the company be based after YC?

We live and work out of Dubai, UAE, and the company is based there. After YC, we plan to keep the company in Dubai.

Explain your decision regarding location.

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 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Vedi domanda completa

Domande Frequenti

Questa è l'application YC reale di Elevate (formerly Bloom)?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di Elevate (formerly Bloom) (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come Elevate (formerly Bloom) si presenterebbe a YC, non il testo che hanno inviato.

A quale batch YC apparteneva Elevate (formerly Bloom)?

Elevate (formerly Bloom) apparteneva al batch Winter 2022 di Y Combinator.

Chi ha fondato Elevate (formerly Bloom)?

Elevate (formerly Bloom) è stato fondato da Khalid Keenan, Youcef Oudjidane.

Cosa fa Elevate (formerly Bloom)?

US based USD accounts for non-US residents

Come leggo la ricostruzione completa della application?

Crea un account Round Funded gratuito. La versione completa di 26 risposte della application di Elevate (formerly Bloom), e di ogni altro batch YC, è in YC Insights.