Who owns Cleva?
short answerCleva is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Cleva builds the product and interface.
Is Cleva a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: MSB registration (FinCEN); USD accounts via licensed FDIC-insured US partner banks.
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Cleva yet. Know one? Suggest it.
Who's behind Cleva?
Cleva was founded by Tolu Alabi, Philip Abel (2023), headquartered in Lagos, NG.
Is my money safe with Cleva?
Deposits are held by Cleva's sponsor bank, so any insurance flows through that bank rather than Cleva. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Cleva profile with every verified field, or Cleva alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.