Belong, fintech startup founded in 2024 which is building a platform for NRIs, has raised $5 million in a funding round led by Elevation Capital with focus on retail investment products through GIFT City.
Participation from Relentless Ventures and angel investors.
The startup currently offers USD fixed deposit product, in partnership with Indian banks operating in GIFT City, starting with NRIs in the UAE market. Belong plans to use the capital to acquire regulatory licences, build out its product suite, and invest in marketing and geographic expansion.
