Startup Spotlight: Cleva Banking

Cleva Banking, co-founded by Tolu Alabi, is a safe and reliable banking platform designed for non-US residents to receive payments in USD and manage their finances. The platform is a key player in the fintech industry, transforming the lives of millions of users across the continent both personally and professionally.

To open a US-based account with Cleva Banking, users simply need to provide their bank verification (BVN) and a government-issued ID. The platform caters to anyone with global financial needs, including contractors, startups, creators, and freelancers.

Cleva Banking is registered as a Money Services Business (MSB) with the United States Financial Crime Enforcement Network (FinCEN), ensuring that all users’ funds are secure with a 2-factor authentication secured account.

The platform recently secured $1.5 million in pre-seed funding to enhance international payments across Africa. Cleva Banking estimates that the market for processing payments for freelancers and remote workers in Africa is worth $18 billion.

Cleva Banking is user-friendly, and users can quickly open a Cleva USD account without any hassle. With over 10 years of experience working within the US banking system, the platform is affordable and accessible to anyone with global financial needs.


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