When was Cleva founded?

Cleva was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Cleva located?

Cleva is headquartered in San Francisco, United States.

Who is the current CEO of Cleva?

Tolu Alabi of Cleva. They have also founded 1 company.

How many employees does Cleva have?

As of Sep 30, 2026, the latest employee count at Cleva is 142.

Is Cleva a funded company?

Cleva is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jan 08, 2024.

When was the latest funding round of Cleva?

Cleva's latest funding was a $***** Seed round on Jan 08, 2024, with participation from 5 investors.

Where does Cleva rank among its competitors?

Cleva ranks 30th amongst 1021 active competitors, of which 118 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Airwallex, which secured $320M in Jun, 2026.

Who are the top competitors of Cleva?

Cleva's top competitors include Remitly, Payoneer and Airwallex. Among them, Airwallex secured the most recent funding round in June, 2026.

Cleva - 2026 Company Profile, Team, Funding & Competitors

Company Details

Cross-border remittance and currency exchange solution for individuals and businesses. Financial technology company that aims to democratize USD banking for emerging markets to receive USD payments and facilitate cross-border transactions. Enables to receive USD payments through ACH or wires from clients, investors, employers, or any platform, convert USD to local currency through forex cards, and more.

Website: getcleva.com
Social
Email ID: *****@getcleva.com

Key Metrics

Founded Year

2023

Location

San Francisco, United States

Stage

Seed

Total Funding

$1.5M in 1 round

Latest Funding Round

Seed, Jan 08, 2024, $*****

Investors

1984 Ventures & 6 more

Ranked

30^th among 1021 active competitors

Employee Count

142 as on Sep 30, 2026

Similar Companies

Remitly & 972 more

View Cleva's full profile

Cleva has raised a total funding of $1.5M over 1 round. Its latest funding round was a Seed round on Jan 08, 2024 for $*****. 5 investors participated in its latest round. Cleva has 7 institutional investors.

Here is the list of recent funding rounds of Cleva:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 08, 2024	4963078	Seed	5104046	9920827	7339807	6903251

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View details of Cleva's funding rounds and investors

The founders of Cleva is Tolu Alabi. Tolu Alabi is the CEO of Cleva.

Here are the details of Cleva's key team members:

Tolu Alabi: Co-Founder & CEO of Cleva.
Contact Info: 1 email address

View details of Cleva's Founder profiles and Board Members

Cleva's employee count trend

Cleva has 142 employees as of Sep 26. Here is Cleva's employee count trend over the years:

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Top competitors of Cleva include Remitly, Payoneer and Airwallex. Here is the list of Top 10 competitors of Cleva, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	85/100
2nd	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 24 others	84/100
3rd	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
4th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
5th	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Baillie Gifford & 106 others	78/100
6th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Lerer Hippeau & 8 others	76/100
7th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Marshall Wace, Vitruvian Partners & 19 others	73/100
8th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
9th	Kadmos 2021, Germany, Acquired	Provider of a platform for managing and automating international salary payments	$38.9M	Addition, Blossom Capital & 22 others	72/100
10th	Xoom 2001, San Francisco (United States), Acquired	Provider of online service for international money transfers, bill payments	$106M	Fidelity Ventures, DAG Ventures & 13 others	71/100
30th	Cleva 2023, San Francisco (United States), Seed	Cross-border remittance and currency exchange solution for individuals and businesses	$1.5M	1984 Ventures, Rainfall Ventures & 5 others	58/100