2 years ago

Challenger Bank Kroo Seeks £70 Million to Fuel Growth and Reach Profitability

  • Kroo Bank, a London-based challenger bank, is seeking to raise up to £70 million in a Series C funding round

  • The bank, which launched its first current accounts in 2022, aims to use the funds to expand its customer base to one million by 2025 and achieve profitability

  • Kroo Bank differentiates itself by passing on Bank of England base rate rises to savers and sharing its success with customers.

      • ProblemFinancial Services

      "to grow its customer base and build its quality loan book"

      Solution

      "provide personal loans and overdrafts, pass on Bank of England base rate rises to savers, and share success with customers"

      Covered on