Cleva (YC W24)

Cleva Banking (YC W24) is a promising startup focusing on providing a USD banking platform for emerging markets, with a particular emphasis on Africa. The company allows users to open a Cleva USD account, enabling them to receive international payments from clients, employers, and investors worldwide. Additionally, it offers the opportunity to save in USD, providing protection from inflation, and converting and paying out in the local currency when desired. This innovative approach is aimed at democratizing USD banking for emerging markets, commencing with Africa. The startup, founded in 2023 and headquartered in the United States, recently received a significant $500.00K Pre Seed Round investment on 27 February 2024, with funding from esteemed investors Y Combinator. The company's focus on financial services, payments, and banking positions it at the forefront of the evolving landscape in emerging markets, making it a noteworthy prospect for potential investors in the venture capital space.