Adro Closes $1.5M Pre-Seed Funding

Adro, a NYC-based fintech company making financial services accessible for international students and workers, raised $1.5M in Pre-Seed funding.

The round was led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate.

The company intends to use the funds to scale its engineering team and accelerate development of the platform. 

Led by Amarildo Gjondrekaj (formerly of Mastercard, Harness), Sara Schmitt (Amazon, Epic) and Kevin DeArmond (Uber, Titan), Adro is a technology company helping internationals unblock access to financial services so they can live like a local. It will offer checking and savings accounts, as well as debit and credit cards. The company will also provide partial reimbursement on the costs associated with international money transfers, and allow customers to start building credit from the day they arrive in the U.S. 

Left to right: Adro co-founders Kevin DeArmond, Sara Schmitt and Amarildo Gjondrekaj
Left to right: Adro co-founders Kevin DeArmond, Sara Schmitt and Amarildo Gjondrekaj

FinSMEs

09/04/2024