Aeldra Email Format

Financial ServicesCalifornia, United States11-50 Employees

Aeldra is a financial services firm based in Palo Alto, California, that launched in 2020 as a global consumer bank. It aims to give customers worldwide access to financial services through a single mobile app that bundles a range of products including insured bank accounts, debit and credit cards, savings, investments, loans, and advisory services. Initially, the company focused on bridging banking between India and the United States, enabling Indian customers to open an FDIC-insured U.S. bank account with a Mastercard Debit Card from India on a mobile device, with requirements of a valid Indian passport and Aadhaar. The company plans to extend universal banking capabilities to overseas customers and residents in the United States, Canada, the United Kingdom, and Australia within about three years. Safety measures include FDIC insurance up to $250,000 per customer, Mastercard Zero Liability for unauthorized transactions, and Mastercard Identity Check with EMV 3-D Secure; the founders bring extensive experience from leading financial and professional services firms, with expertise in regulatory and compliance matters.

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