Belong raises $5 million to build a full-stack digital bank

Belong, a fintech platform dedicated to Non-Resident Indians (NRIs), has raised $5 million in seed funding led by Elevation Capital. The startup plans to expand its product offerings and operations, starting from the UAE and moving into markets like Saudi Arabia, Qatar, the UK, and the US. Leveraging GIFT City’s regulatory framework, Belong aims to simplify cross-border banking and investment for NRIs with products such as US dollar-denominated fixed deposits, equity, insurance, and international cards.

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