Raising VC funds. European Student Neo Bank going global.
It was a pleasure to meet Avijit Sarkar, CEO of Drop Money. He is a financial services veteran founder and specializes in cross-border, retail, blockchain payment solutions, as well as mobile and online banking. At GE Capital, Pfizer, Cardinal Health, and Genpact, he worked in various roles focused on risk and portfolio management in the United States and Europe.
With Drop Money, his latest startup, he is focused on the migrant student population seeking education and work overseas, away from their native countries.
Please click on the video below to see details of my interview with him:
At the height of the pandemic, he launched Drop Money, a student neo-bank in Germany, and has attracted students from 37 countries to open accounts on his newly created platform. He is optimistic that the post-pandemic phase of this product will offer expansion opportunities into the United States and Canada, for which he is currently raising funds.
Drop Money is a global service provider of German Blocked Accounts, which is a special bank account required for German Visa applicants to deposit a funds to prove their financial condition and apply for a German Visa. The service is approved by the Federal Foreign Office of the Republic of Germany and German Immigration Services worldwide.
We wish Avijit and his team great success in expanding the market and raising funds.
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