Adro is a new fintech startup aimed at improving access to banking services for international students in the U.S., amidst the challenges they face in obtaining financial tools.
Challenges Faced by International Students in the U.S.
Each year, about one million international students arrive in the U.S., and one of their primary issues is accessing financial tools. The founders of Adro point to the inaccessibility of the banking system for newcomers, especially for those without a Social Security number or permanent address. Many international students face rejections in opening bank accounts before even arriving in the country.
Solutions Provided by Adro
Adro offers a digitally-focused platform enabling users to:
* Open an account from abroad before arriving in the U.S. * Add funds prior to arrival, reducing reliance on foreign bank cards. * Order a U.S. debit card for immediate use. * Apply for a credit card that helps build U.S. credit history, without overspending risks.
Adro's Future Plans
Adro also plans to expand into business banking for international entrepreneurs, allowing access to USD checking accounts without requiring relocation to the U.S. This shift aims to redefine how global talent interacts with the American economy.
Adro represents a significant step in addressing the financial issues faced by international students, providing a more accessible and secure means to access banking services.
