B-Social, the UK fintech building a &#8216;social bank,&#8217; raises additional £7.8M ahead of rebrand

B-Social, a London-based fintech building a “social bank,” has raised an additional £7.8 million in seed funding from high-net-worth individuals, including Rudy Karsan from Karlani Capital. The company plans to rebrand to “Kroo” next month and is progressing towards acquiring a U.K. banking license. B-Social currently operates as a “social finance” app with a debit Mastercard, enabling users to share and track expenses with friends and family. The company has over 8,500 customers who have spent over £1 million with their B-Social cards and shared over 36,000 expenses.

B-Social Raises £7.8 Million for its Social Banking Platform

B-Social is a London-based fintech building what it calls a “social bank,” enabling users to make purchases, share and keep track of expenses with friends and family, and negate the headache of “who owes who.” More broadly, B-Social says it is on a mission to improve the relationship people have with money.

A London-based fintech building what it calls a “social bank,” enabling users to make purchases, share and keep track of expenses with friends and family, and negate the headache of “who owes who.”

5 years ago

B-Social Raises £7.8 Million for its Social Banking Platform

ProblemFinancial Services

Solution

Covered on