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Cleva (YC W24) — Global neobank for emerging markets

Cleva breaks down financial borders across the globe by enabling remote workers, individuals, and businesses to hold stablecoin-backed dollars. Specifically, we enable our customers: 1.

Cleva is a Y Combinator company in the Winter 2024 batch. Its directory entry describes it as: Global neobank for emerging markets. The founders listed are Tolu Alabi (Founder/CEO), Philip Abel (Founder/CTO) (Y Combinator directory entry, January 6, 2024).

6 more companies from YC Winter 2024 ↓

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Cleva

New accelerator entry · 2024-01-06 · the record

Winter 2024
batch
30
people
Early
stage
United States of America
region
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What the record says

BatchWinter 2024
Announced2024-01-06
StageEarly
StatusActive
Team size30
IndustryFintech
Sub-industryFintech
SectorsFintech, Crypto / Web3, Remote Work, Emerging Markets, Neobank
RegionsUnited States of America, America / Canada, Remote, Fully Remote
BasedSan Francisco, CA, USA; Remote
HiringNo
Sitehttps://www.getcleva.com

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Also in YC Winter 2024

Same batch, Fintech first.

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In their words

Cleva breaks down financial borders across the globe by enabling remote workers, individuals, and businesses to hold stablecoin-backed dollars. Specifically, we enable our customers: 1. Receive USD, GBP, EUR payments: Individuals and businesses can receive USD, GBP, and EUR payments into their virtual account. 2. Receive and send stablecoins: They can also receive USDT or USDC, and make global payments via USDT and USDC. 3. Hold funds in USD: They can choose to hold their funds in USD instead of converting to local currency. In high inflation countries, this is extremely desirable as it helps our customers hedge against inflation until they're ready to spend in local currency. 4. Stablecoin-backed cards: We issue cards that are stablecoin-backed and accepted by 150M+ merchants across the globe. Users can fund in stablecoins or fiat, spend anywhere VISA is accepted, and earn cashback in the form of Cleva Points. 5. Savings: We recently launched Cleva Pots, allowing users to save towards their goals and earn yield on their savings. It's still very early days at Cleva. We've been hyper-focused on our home country Nigeria but we're now expanding to more countries across the globe.

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  5. The Money: Funding, Valuation, Runway

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  7. Warning Bells

  8. Sources

    1 cited source found

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Cleva: Accepted into Y Combinator Winter 2024
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Permanent URL: https://mentionfox.com/funding/yc-cleva
Last updated 2026-10-20
Primary record: Y Combinator directory entry
Cleva (YC W24) — Global neobank for emerging markets. MentionFox, 2026-10-20. https://mentionfox.com/funding/yc-cleva