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Kroo Bank is a UK digital-only bank offering a mobile-first current account via iOS and Android apps. It earns revenue from net interest margin and transaction fees, with FSCS-protected deposits up to £85,000 following a Bank of England license granted in June 2022. The app provides real-time spending alerts, expense tracking, and group bill-splitting, paired with an ethical stance such as a tree-planting program for new customers. It stands out by delivering a social, mobile-focused banking experience within a fully licensed UK bank, aiming to be a trusted, customer-centric alternative to traditional banks while growing deposits and expanding its product range.
Industries
Consumer Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$75.2M
Headquarters
London, United Kingdom
Founded
2016
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Total Funding
$75.2M
Above
Industry Average
Funded Over
7 Rounds
Health Insurance
Paid Vacation
Paid Holidays
Remote Work Options
Flexible Work Hours
Hybrid Work Options
Parental Leave
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Phone/Internet Stipend
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KROO BANK LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
Fully licensed digital bank Kroo has entered into a forward-flow funding arrangement with specialist lender 9Y Capital (“9Y”) to support bridging and
Kroo - Funding & Investors. Last updated: March 15, 2026 Kroo's funding rounds. Kroo has raised a total of $88.9M over 9 funding rounds: 5 Seed and 4 Early-Stage round s. Kroo's largest funding round so far was a Series B round for $***** in Jun 2022. Here is the list of all funding rounds of Kroo: | Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors | | Nov 29, 2023 | 8971287 | Series B | 4677710 | 9590729 | 1148715 | 1811201 | | Sep 27, 2023 | 6728043 | Series B | 6223728 | 7739867 | 6159606 | 1573440 | | Jun 01, 2022 | 9685335 | Series B | 8782457 | 1166673 | 2309536 | 5894912 | | Jul 30, 2021 | 6841268 | Series A | 2383102 | 8146534 | 8573763 | 9873235 | | Feb 26, 2020 | 7230960 | Seed | 4579204 | 8498034 | Rudy Karsan | 2414786 | | Jul 15, 2019 | 2759575 | 512389 | 9733661 | 7760485 | 5759519 | 6835390 | | Dec 12, 2018 | 6076823 | 649427 | 3454898 | 1851900 | 1567150 | 5833852 | | Jun 01, 2018 | 6598404 | 307247 | 4824145 | 5629707 | 4225411 | 7529557 | | Oct 20, 2017 | 7258565 | 172480 | 9220818 | 6271300 | 7007642 | 3125172 |
Kroo Bank today announces the launch of its Flexible Cash ISA, reshaping the way millions of UK ISA users can save. Historically, ISAs have been hard to understand, often limiting basic financial flexibility like withdrawals or transfers.However, Kroo’s Flexible Cash ISA transforms ISAs from a powerful but restrictive method to a flexible, stress-free way to save – which customers can use like a day-to-day saver, all while paying a great tax-free return.As £1 trillion of the nation’s savings sit in accounts earning less than 2% interest, Kroo is challenging the banking’s interest rate inertia that has kept too many people stuck in a bad banking relationship for too long. It’s committed to rewarding its customers for banking with them, and has to date passed on over £68 million in interest to them, most of which was paid directly on the current account. This has helped build trust with nearly 200,000 customers.Many providers currently impose rigid conditions on their ISAs, like limiting withdrawals, or cutting rates if customers take out a certain amount of their money. This puts an added burden on customers who, at a time of rising costs, find themselves having to choose between locking their money away to earn interest, or keeping it “lazy” in a current account while maintaining access to it.Krooʼs Flexible Cash ISA allows users to earn 4.30% AER variable whilst topping up or withdrawing on demand, without penalties, and without affecting their £20,000 allowance. There are no disappearing bonus rates, no annual delays in interest payments, and the ISA can be opened with just £1.Nazim Valimahomed, Kroo’s co-founder, said: “When we founded Kroo, we knew we wanted to reward our customers for choosing to bank with us
Kroo Bank today announces the launch of its Flexible Cash ISA, reshaping the way millions of UK ISA users can save. Historically, ISAs have been hard to understand, often limiting basic financial flexibility like withdrawals or transfers.However, Kroo’s Flexible Cash ISA transforms ISAs from a powerful but restrictive method to a flexible, stress-free way to save – which customers can use like a day-to-day saver, all while paying a great tax-free return.As £1 trillion of the nation’s savings sit in accounts earning less than 2% interest, Kroo is challenging the banking’s interest rate inertia that has kept too many people stuck in a bad banking relationship for too long. It’s committed to rewarding its customers for banking with them, and has to date passed on over £68 million in interest to them, most of which was paid directly on the current account. This has helped build trust with nearly 200,000 customers.Many providers currently impose rigid conditions on their ISAs, like limiting withdrawals, or cutting rates if customers take out a certain amount of their money. This puts an added burden on customers who, at a time of rising costs, find themselves having to choose between locking their money away to earn interest, or keeping it “lazy” in a current account while maintaining access to it.Krooʼs Flexible Cash ISA allows users to earn 4.30% AER variable whilst topping up or withdrawing on demand, without penalties, and without affecting their £20,000 allowance. There are no disappearing bonus rates, no annual delays in interest payments, and the ISA can be opened with just £1.Nazim Valimahomed, Kroo’s co-founder, said: “When we founded Kroo, we knew we wanted to reward our customers for choosing to bank with us
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Industries
Consumer Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$75.2M
Headquarters
London, United Kingdom
Founded
2016
Find jobs on Simplify and start your career today