Announcing our £3.2m Seed Round funding
19 December 2018 | by Alex Cuff
This blog post was accurate when we published it - visit kroo.com or your Kroo app for the most up to date information
I’m thrilled to let you know that we’ve completed our £3.2 million Seed Round.
This allows us to continue growing our team and enhancing our product, bringing us one step closer to making money as social as our lives.
It’s an incredibly exciting and busy time for us and this is just the beginning. We will keep working to become a bank and are shortly moving to our new home in Holborn. Look out for invites to our B-Social evenings where we will share new product releases and have a chance to discuss your thoughts and ideas.
I would like to thank all our very supportive investors and our 500 trailblazing beta customers. We’re enormously grateful for all your support and constructive feedback — please keep it coming.
Have an amazing holiday season and look forward to updating you in early 2019.
Nazim, CEO and the team
We would love everyone to join us on this journey and help us build a great bank, that is social at its core. Join us, download the app by visiting the website.
We’re always looking for talented people to join our amazing team! Check out our careers page to see our current vacancies and get in touch.
We aren’t a bank yet, but we are in the process of applying to the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to become one!
The B-Social card is a Beta debit Mastercard® and can be used wherever Mastercard® is accepted. The card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to a licence by Mastercard International Inc. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
This is an e-money product which is not covered by FSCS deposit protection.