Elevate Pay

Private

San Francisco, CaliforniaFinTechhttps://www.elevatepay.co/

Last Round

Early Funding

Jun 6, 2024

Total Funding Raised

$12M

Company Overview

Elevate Pay is a fintech company that provides US-based USD bank accounts to freelancers and remote workers in emerging markets.

Sector

FinTech

Verticals

Digital Banking, Digital Payments, Foreign Exchange, Digital Wallets

Business Model

B2B2C

Customer Profile

Payment Processing Fee, Usage-Based SaaS

AI Layer

Non-AI

Keywords

virtual bank accountcross-border paymentsinternational money transferneobankUSD bank accountACH transferwire transferfintechcurrency conversionglobal payrolldigital nomad bankingremote work paymentsknow your customerKYCmoney transmitter

Historical Pricing

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Elevate Pay Comps

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Elevate Pay comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Elevate Pay Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Early Funding	Jun 6, 2024
Seed	Jul 20, 2022
Accelerator	Mar 23, 2022

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Key People

Founding team and executive leadership

Khalid Keenan

Co-Founder CEO

Founding Team

Faris Keenan

Chief Technology Officer

Executive Team

Elevate Pay Investors

Notable investors and investment history

Elevate Pay investors
Investor	Rounds
Goodwater Capital	Seed
Global Founders Capital	Seed
Negma Group	Early Funding
Global Founders Capital	Seed
Y Combinator	Seed, Accelerator
VentureSouq	Seed

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Elevate Pay Filings

SEC and related filings with document metadata.

Data table
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Elevate Pay Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSan Francisco, California

Employee Range15

Year Founded2021

Last FundingJun 6, 2024

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