Adro closes $1.5M pre-seed to give U.S. newcomers improved access to financial services
–News Direct–
Adro, a New York-based fintech making financial services more accessible for international students and workers, announced today its $1.5M pre-seed funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate.
With no Social Security Number and limited U.S. credit history, international students and workers struggle to access basic banking upon arrival. Led by Amarildo Gjondrekaj (formerly of Mastercard, Harness), Sara Schmitt (Amazon, Epic) and Kevin DeArmond (Uber, Titan), Adro offers newcomers an easy on-ramp to move money, spend and save, right when they land.
Left to right: Adro co-founders Kevin DeArmond, Sara Schmitt and Amarildo Gjondrekaj
Once in the U.S., internationals face significant barriers to starting their lives in a ne...