Adro, a New York-based technology company, has successfully secured an additional $500,000 in pre-seed funding, bringing its total pre-seed investment to $2 million. This financial boost is a testament to the company's dedication to aiding international students and workers in accessing essential financial services within the United States. The funding round saw contributions from notable entities including Empire State Development's NY Ventures and Jim Wiseman, President of Margaritaville Development, alongside investment from Era, founded by Jasper Lau.
The company's CEO and Co-founder, Amarildo Gjondrekaj, shared his personal motivation behind Adro's mission, stemming from his family's immigrant journey from Albania to New York over twenty years ago. This personal connection fuels Adro's commitment to addressing the financial challenges faced by underbanked international communities. Hope Knight, Empire State Development President, CEO, and Commissioner, praised Adro for its innovative approach to fostering inclusive entrepreneurship and enhancing New York's entrepreneurial landscape.
Looking forward, Adro is set to introduce US dollar business accounts next month, a strategic move designed to facilitate non-US companies in establishing and expanding their presence in the United States. These accounts will offer deposit insurance, assist in obtaining an Employer Identification Number (EIN), and enable the acceptance of US card payments, thereby simplifying the process for international entities to navigate the US financial system.
In addition to its financial achievements, Adro celebrates the recognition of its Co-founder and COO, Sara Schmitt, who has been accepted into the Nasdaq Entrepreneurial Center Milestone Makers program. This program is renowned for its support in helping entrepreneurs reach significant business milestones, further underscoring Adro's growing influence and commitment to its mission.
Adro's recent accomplishments, including its funding success and upcoming services, underscore its pivotal role in dismantling financial barriers for international students and workers. By providing access to checking, savings, and credit services, Adro is making strides toward financial inclusion and empowerment for underserved populations in the US. For more information on Adro's initiatives, visit https://www.adro.com.
