Adro, a New York-based technology company focused on providing financial services to international students and workers, has secured an additional $500,000 in pre-seed funding. The investment, which brings the total pre-seed round to $2 million, includes contributions from Empire State Development's NY Ventures and other investors.
The new funding underscores growing recognition of the challenges faced by international professionals and students seeking financial services in the United States. NY Ventures' involvement highlights the state's commitment to supporting innovative solutions that address economic barriers for underserved communities.
CEO and Co-founder Amarildo Gjondrekaj emphasized the company's mission to help internationals establish financial footing in America. The investment arrives as Adro prepares to launch US dollar business accounts for international companies, enabling them to establish a presence in the US market, obtain an Employer Identification Number (EIN), and accept US card payments.
Empire State Development President Hope Knight noted that Adro represents an example of inclusive entrepreneurship, providing financial services to newcomers while contributing to New York's entrepreneurial ecosystem. The investment signals potential broader impacts for international professionals navigating complex financial landscapes.
Looking ahead, Adro plans to leverage this funding to expand its services and continue addressing financial accessibility challenges for international students and workers. The company's upcoming business account launch and recent recognition in entrepreneurial programs demonstrate its strategic approach to solving financial integration challenges.
