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Elevate (formerly Bloom)US based USD accounts for non-US residents

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.

2022-03-08
Active
Early
W22
7
Fintech
United Arab EmiratesUnited KingdomMiddle East and North AfricaEuropeRemotePartly Remote
Elevate (formerly Bloom) screenshot
More About Elevate (formerly Bloom)

Elevate Pay - Global USD Accounts

Built for freelancers, remote workers, and nomads around the world

Key Features

  • FX Fees: $Free
  • ACH Deposit Fees: 1%
  • Receive From Anywhere: Easily receive payments from clients, employers, and major freelancing platforms.
  • Receive USD via ACH and Wire: FDIC-insured account by Bangor Savings Bank.
  • Biometric Security: Face ID and Touch ID for secure access.
  • Realtime Notifications: Instant updates on transactions.
  • Enhanced Security with 2FA: Added layer of security for all payments.
  • Best-in-class Data Security: AES 256-bit encryption and SSL/TLS 1.2.

Use Cases

  • Freelancers: Seamlessly receive payments from clients and freelancing platforms.
  • Remote Workers: Manage and receive salaries from employers worldwide.
  • Digital Nomads: Handle finances efficiently while traveling.
  • Emerging Markets: Specifically designed for users in emerging markets.

Pricing

  • FX Fees: Free
  • ACH Deposit Fees: 1%
  • Wire Transfer Fees: Varies

Teams

Elevate Pay is developed by Bloom Financial Technologies Inc, a financial technology company. Banking services are provided by Bangor Savings Bank, Member FDIC. The platform is designed to cater to the needs of freelancers, remote workers, and digital nomads, offering secure and efficient financial solutions.