Neobank Kroo Raises £17.7M in Series A Funding
Kroo, a UK fintech aiming to win a bank license, has raised £17.7m in its Series A funding round as it looks to secure a banking license.
The new funding will support its ‘mobilisation phase’, its says, ahead of its launch in early 2022. It is also looking to grow its team as it works towards securing a full banking license.
Andrea de Gottardo, Kroo’s CEO, says the neobank will offer something different with the fintech differentiating itself from the UK giants of digital banking by building a bank more focused on ‘social features’, prompting groups to act together on financial matters.