Alveena Ahmad
Elevate is a company that was founded by individuals from countries like Yemen and Algeria. The team members have a profound understanding of the difficulties confronted by Pakistani freelancers. The company is dedicated to transforming the landscape of the industry. Moreover, the team comprises of fintech experts who have gained valuable experience from working at reputable organizations such as Visa, Goldman Sachs, Citi, and PNC Bank.
I’m using Elevate to receive dollars for free and send money back home at
lower rates than Wise and Payoneer. Join me and sign up using my referral
code: hissar1 https://elevatepayapp.page.link/LZ16iC93Gzkdrcrj6
In Pakistan, freelancers and remote workers grapple with distinct challenges in receiving payments aligned with their professional aspirations, posing a persistent hurdle in a market where they play a crucial role in the global workforce. Addressing this issue head-on, Elevate, a Fintech venture backed by Y Combinator that has raised over $6M to date and was initially launched in Egypt, has now officially gone live in Pakistan. This transformative platform is designed to empower freelancers and remote workers, offering them the capability to seamlessly open US bank accounts through a strategic partnership with Bangor Savings Bank, a reputable US-based institution boasting over $7 billion in assets.
User-Friendly and Cost-Free
In order to join Elevate, users need to submit their identity documents (ID Card/Passport), along with a document that verifies their local address, and provides a valid source of funds, highlighting their status as a remote worker or freelancer.
Since its launch, Elevate has successfully opened thousands of USD accounts, processing over $500k in monthly deposits, and has showcased an impressive month-on-month deposit growth of 100%. All accounts are FDIC-insured, guaranteeing the full protection of funds up to $250,000. This provides users with comprehensive financial security.
Elevate is a unique platform that offers a completely free service without any deductions or subscription fees. The platform provides favorable foreign exchange (FX) rates and a guaranteed spot rate (interbank USD rate), which makes it cost-effective for users to transfer funds back to the local PKR currency.
“Elevate’s entry into the Pakistani market signifies a new era for freelancers and remote workers, offering a level of financial freedom and flexibility that was previously unimaginable. Our commitment to transparent pricing and the best FX rates sets us apart from the competition, making Elevate the go-to platform for global payments, so now you can receive dollars from anywhere in the world without any hassle.”– Khalid Keenan, CEO at Elevate.
Elevate’s Vision for Tomorrow
Elevate has a bigger goal than just overcoming present challenges. It seeks to redefine the future of remote work and freelancing on a global scale, starting with the unique requirements of Pakistani freelancers. The ultimate aim is to become the primary offshore banking solution for all Pakistani remote workers, providing a simple and hassle-free method for receiving payments and creating wealth from anywhere in the world.
By providing a reliable and innovative platform, Elevate seeks to empower Pakistani freelancers, enabling them to focus on their craft without the hindrance of payment intricacies.
Elevate has upcoming products such as equity investments and savings accounts. The vision is to remove geographical constraints to financial success for freelancers in Pakistan. Elevate is a movement towards financial empowerment and a catalyst for change in the freelancing landscape.
About Elevate:
Elevate is a Y-Combinator-backed platform dedicated to empowering freelancers and remote workers. Recognizing the challenges with holding dollars, Elevate offers a simple payment solution and protects your earnings.
By disrupting traditional banking norms and offering unprecedented benefits, Elevate is changing the way freelancers and remote workers manage their finances, making global payments seamless and cost-effective.
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