What is Kroo?
Kroo operates as a bank with a stated mission to foster positive change within the financial industry. Having obtained its full banking license in 2022, the company has launched its FSCS-protected current account. Demonstrating a commitment beyond traditional banking, Kroo actively engages in environmental initiatives, such as planting two trees for every new customer, with a target of planting one million trees by 2024. This approach positions Kroo as a forward-thinking financial institution focused on ethical practices and sustainable growth.
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 scale its operations, enhance its product offerings, and expand its customer base. This infusion of capital, particularly in the context of its enterprise-level funding, suggests a strategic focus on solidifying its market position and potentially exploring new avenues for growth and innovation within the competitive neobanking landscape. The company's commitment to environmental stewardship alongside its financial services may also attract a growing segment of socially conscious consumers.
See full Kroo company page
