Zolve Launches Global Scholarship Program: $50,000 Grant for US-Bound Students

By India Education Diary Bureau Admin On Jun 15, 2023

: Zolve, a global bank that enables fair access to financial products for global citizens providing cross-border financial services, today announced its Zolve Scholarship Program. The scholarship fund of $50,000 will be distributed to 10 selected global scholars from around the world. The applications for the scholarship have been open since 15th April 2023 and will close on 30th June 2023. The program results will be announced between the 1st to 15th of August 2023.

The Zolve Scholarship Program aims to recognize young leaders worldwide who demonstrate excellence, leadership potential, and a passion for making a positive impact. The Scholarship will follow a comprehensive process, including interviews and panel discussions, and will be a recurring program every year. The program is open to all international students who are moving to or have moved to the US for a full-time undergraduate/postgraduate/doctorate program of 12 months or more with a start date in 2023. Apart from financial assistance, Zolve Global Scholars will receive support and mentorship from Zolve’s senior team and will have the opportunity to engage with them for guidance tailored to their respective fields. Furthermore, scholarships are not restricted to just tuition fees, and students are free to use the grant as they deem fit.

The US is a popular country for many to pursue higher education. In 2021- 22, 2 Lakh Indians chose the US for higher education, which has shot up 19% over the preceding year. Among all the international students in the US, the Indian diaspora forms the largest group, with 20% of international students from India, making Zolve’s scholarship program an excellent opportunity for students from India.

Speaking about the launch, Raghunandan G, founder of Zolve, said, ‘It gives me immense pleasure to announce The Zolve Scholarship Program. Education knows no borders, and with the launch of our global scholarship program, we aim to empower aspiring minds worldwide to reach for their dreams in the United States. At Zolve, we understand that with global ambitions come global challenges, and we are here to bridge that gap by offering seamless cross-border financial services. Through this scholarship, we ease the way for talented students to unlock their potential and positively impact the world.’

The selection process will be conducted by an esteemed panel of distinguished experts renowned for their exceptional achievements in their respective fields. The panelists include:

Krishnamurthy Subramanian: Former 17th Chief Economic Advisor to the Government of India, currently serving as the Executive Director at the International Monetary Fund (IMF)
Steve Freiberg: Former Co-Chair and CEO at Citibank, vice chairman of the board at SoFi, and retired board member of Mastercard.
Gregg Gerst: Former Director & Head of Worldwide Financial Services at Apple. He holds a degree from the University of California, Berkeley
Bharat Poddar: Managing Director and Senior Partner & Global Co-Lead Banking at Boston Consulting Group (BCG), a leading global management consulting firm. He holds an MBA from the University of Michigan – Stephen M. Ross School of Business
Ashish Gupta: Managing Director & Co-founder at Helion Advisors and Co-Founder of Junglee. He holds a PhD in Computer Science from Stanford University
Drew Glover: Founding Partner at Fiat Growth and General Partner at Fiat Ventures. He holds a master’s degree from the University of California, Berkeley
… and more

This distinguished lineup of panelists bring an exceptional level of expertise and experience to the scholarship selection process. Their captivating discussions will provide invaluable insights, guidance and inspiration to the participating scholars.

In the previous program in 2022, Zolve offered scholarships worth $25,000 to 25 students that helped them pursue higher education in universities such as Berkeley, New York University, and Boston University, among others.

Zolve enables global aspirants looking to move to the US for studies, work, or settling down, get access to seamless cross-border financial services. It is the only US-based bank to provide a U.S. bank account, debit card, and a high-limit credit card to aspirants even before they arrive in the United States. Zolve offers perks like no hidden fees, easy approvals, and an entirely online setup to help people achieve financial freedom in the US without any hassle.