‘A Startup Secures .5M in Pre-Seed Funding’

Adro, a New York City-based fintech startup, has successfully raised .5 million in Pre-Seed funding to further its mission of making financial services more accessible for international students and workers.

Era led the funding round, with additional participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. The company plans to use this investment to expand its engineering team and accelerate the development of its platform.

Co-founded by industry veterans Amarildo Gjondrekaj (formerly of Mastercard and Harness), Sara Schmitt (with experience at Amazon and Epic), and Kevin DeArmond (previously at Uber and Titan), Adro aims to help international individuals unlock access to essential financial services so they can seamlessly integrate into local life. The platform will offer checking and savings accounts, as well as debit and credit cards. Additionally, Adro will provide partial reimbursement for international money transfer fees and enable customers to start building credit from the moment they arrive in the U.S.

The team at Adro is dedicated to bridging the gap in financial services for internationals and is poised to revolutionize the way these individuals manage their finances in a foreign country.