Cleva - About the company
Cleva is a seed company based in San Francisco (United States), founded in 2023 by Tolu Alabi. It operates as a Cross-border remittance and currency exchange solution for individuals and businesses. Cleva has raised $1.5M in funding from 1984 Ventures. The company has 781 active competitors, including 73 funded and 34 that have exited. Its top competitors include companies like Payoneer, Remitly and Wise.
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
Investors
Ranked
12th among 781 active competitors
Employee Count
116 as on Mar 31, 2026
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Cleva's funding and investors
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 6 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 | 1295773 | Seed | 7322190 | 9690090 | 2070012 | 7819080 |
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Cleva's founders and board of directors
Founder? Claim ProfileThe 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 116 employees as of Mar 26. Here is Cleva's employee count trend over the years:
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Cleva's Competitors and alternates
Top competitors of Cleva include Payoneer, Remitly and Wise. Here is the list of Top 10 competitors of Cleva, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Payoneer 2005, New York City (United States), Public | Provider of cross-border payment solutions for freelancers, businesses, and marketplaces | $269M | 85/100 | |
2nd | Remitly 2011, Seattle (United States), Public | Provider of international money transfer services with multiple delivery options | $436M | 84/100 | |
3rd | Wise 2011, Shoreditch (United Kingdom), Public | Provider of multi-currency accounts, international money transfers, and card services | $1.03B | 81/100 | |
4th |  Xoom 2001, San Francisco (United States), Acquired | Provider of online service for international money transfers, bill payments | $106M | 76/100 | |
5th | MoneyGram 1940, Dallas (United States), Acquired | Provider of global money transfer and payment services for individuals | - | 75/100 | |
6th | TransferGo 2012, London (United Kingdom), Series C | Cross-border remittance solution for consumers and businesses | $110M | 74/100 | |
7th | Remessa Online 2016, Sao Paulo (Brazil), Acquired | Provider of international money transfer services for individuals and businesses | $21.5M | 73/100 | |
8th |  WorldRemit 2010, London (United Kingdom), Series D | Provider of international money transfer and mobile airtime top-up services | $365M | 71/100 | |
9th |  CurrencyFair 2010, Dublin (Ireland), Series B | Cross-border money transfer platform | $23.1M | 70/100 | |
10th |  Aspora 2022, London (United Kingdom), Series B | Operator of a platform facilitating international money transfers and related services | $95.5M | 68/100 | |
12th |  Cleva 2023, San Francisco (United States), Seed | Cross-border remittance and currency exchange solution for individuals and businesses | $1.5M | 58/100 |
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Cleva's Investments and acquisitions
Cleva has made no investments or acquisitions yet.
News related to Cleva
Media has covered Cleva for 1 event in last 1 year.
•
Cleva secures IMTO licence from Nigeria’s central bank amid unclear regulationsTechpoint.Africa•Mar 28, 2025•Cleva
•
Y Combinator W24 batch selected two Nigerian fintech startupsIncubees•Feb 15, 2024•Cleva, Miden Technologies, Y Combinator
•
Cleva raises USD 1.5 million in pre-seed fundingThe Paypers•Jan 08, 2024•1984 Ventures, Cleva, FirstCheck, The Raba Partnership and 4 others
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