What is Kroo?
Kroo is a forward-thinking bank established with the explicit aim of transforming the financial services industry through a conscientious approach. Having obtained its full banking license in 2022, Kroo has successfully launched its FSCS-protected current account. Beyond traditional banking services, Kroo actively pursues a mission to be 'Bigger than banking' by implementing environmental initiatives, such as planting two trees for every new customer, with an ambitious target of one million trees planted by 2024. This dual focus on financial innovation and ecological responsibility positions Kroo uniquely in the market.
How much funding has Kroo raised?
Kroo has raised a total of $70.8M across 4 funding rounds:
Angel/Seed
$10.8M
Series A
$24.5M
Series B
$33M
Other Financing Round
$2.5M
Angel/Seed (2020): $10.8M with participation from Rudy Karsan
Series A (2021): $24.5M led by Rudy Karsan
Series B (2022): $33M, investors not publicly disclosed
Other Financing Round (2023): $2.5M, investors not publicly disclosed
What's next for Kroo?
The recent major strategic investment signals a pivotal phase for Kroo, likely enabling the company to accelerate its expansion and further develop its innovative banking platform. With a clear trajectory marked by consistent funding rounds, Kroo is poised to scale its operations, enhance its product offerings, and solidify its market presence. The company's commitment to environmental stewardship, integrated into its core business model, suggests a long-term vision that extends beyond profitability to encompass sustainable growth and positive societal impact. Future developments will likely focus on deepening customer engagement and expanding the bank's reach within the ethical finance sector.
See full Kroo company page
