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