Dubai - Sharikat Mubasher: The Dubai-based fintech company Elevate secured $5 million in a series A round to accelerate its plans to expand in the Middle East and North Africa (MENA) region, according to the company’s press release.
Elevate aims to provide a strong financial solution to better serve the freelance and remote working community in the region and tackle the challenges that they face. It enables users to receive payments effortlessly from US and global employers and major freelancing platforms such as Upwork, Maqsam, Paypal, Deel, and Toptal.
Elevate’s expansion plans include tapping into additional emerging markets and introducing new financial products, such as savings and investment accounts.
Khalid Keenan, CEO of Elevate, stated that the company’s mission is to ensure freelancers and remote workers keep as much of their hard-earned money as possible by minimizing fees and simplifying the process.
Elevate aims to continuously reduce costs and enhance the financial products available to its users while focusing on compliance and customer-centric solutions. Its offering includes debit cards for online spending and provides market-leading foreign exchange (FX) rates for sending money home.
