What are the existing solutions to the cross-border banking problem, and how does Zolve differentiate itself in this space?

What they do is they have to put up a $1,000 deposit in a bank, and they get a credit card with a $250 limit. What do you do with $250? If you spend more than 35% out of that, you become a high credit risk individual. And how many people have $1,000 to deposit? Some people ask their family or friends that are already in the US to lend them some money so that they can put down the deposit and get the credit card. Some people ask for co-signers. But it is so uncomfortable. You don't want to ask your family members to be a co-signer. It's extremely hard. But that's how the system is happening. It’s not only credit cards. If you want to find accommodation for rent, the landlord does a credit history check. So nobody can give you a house either. You ask your boss or somebody else to take the house on rent in their name. Again, it’s an uncomfortable conversation to have. 

It's supremely important to build credit history in the US. It's kind of a chicken-and-egg problem. You don't get access to credit products because you don't have any credit history, but you can't build credit history because you don't have access to credit products. So even though these alternatives are expensive, people don't have a choice but to do this. The market is completely inefficient. 

Another thing. We have been able to raise capital from some amazing investors, such as Softbank, Tiger, Lightspeed, etc., because every one of these firms has got migrants. All these guys have faced this problem. So there was no need to sell the problem.