UK bank neobank Kroo successfully raises £26m in Series B funding round
neobank Kroo, London-based, has just finished its successful Series B call round with £26m despite the slowdown in fintech funding after its 2021 high.
With its typical features, UK bank neobank Kroo believes it will make a difference to its competitors by pledging to donate a portion of its profits to social activities. The bank currently has 23,000 prepaid card users.
“The money raised will go a long way in supporting the launch to market of our current account, the development of our lending proposal, and the scaling up of the company,” said Andrea de Gottardo – CEO.
The company will continue its Series C funding round next year. The news follows fellow UK-based neobank Starling’s £130 million raised last month.
The statement didn’t detail who has invested in the round or what valuation it places on the company. A spokesperson for Kroo didn’t immediately respond to a request for further information.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
CoinCu News
KAI
Author
News
UK bank neobank Kroo successfully raises £26m in Series B funding round
neobank Kroo, London-based, has just finished its successful Series B call round with £26m despite the slowdown in fintech funding after its 2021 high.
With its typical features, UK bank neobank Kroo believes it will make a difference to its competitors by pledging to donate a portion of its profits to social activities. The bank currently has 23,000 prepaid card users.
“The money raised will go a long way in supporting the launch to market of our current account, the development of our lending proposal, and the scaling up of the company,” said Andrea de Gottardo – CEO.
The company will continue its Series C funding round next year. The news follows fellow UK-based neobank Starling’s £130 million raised last month.
The statement didn’t detail who has invested in the round or what valuation it places on the company. A spokesperson for Kroo didn’t immediately respond to a request for further information.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
CoinCu News
KAI
Other Posts
Related Posts
Latest
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?
Press Release
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?
