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Open Banking Platform Kroo Closes $27M Series B

Open Banking Platform Kroo closes $27M Series B
  • June 3, 2022
  • Insights, Open Banking

Kroo, a UK-based open banking platform, has raised $27 million in a Series B funding round. The funds, 60 percent of which came from existing investors, will be used to prepare the bank for expansion, including beefing-up personnel. Per Kroo, the funds will go a long way towards assisting with the development of its lending proposition, and scaling. Kroo was founded in February 2019 and last raised money in August 2021 with a £18 million round, bringing its total funding to £56 million since its launch.

Open Banking Platform Kroo closes $27M Series B

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