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Kroo Bank

Mobile-only UK digital bank with bill-splitting

Head of Customer and Lending Operations

Full-TimeUpdated on 10/17/2026
No salary listed
Expert
London, UK+1 moreMore locations: Manchester, UK
HybridOffice attendance is expected 2 to 3 times per week.
Customer Experience & SupportCustomer Support

About the job

Requirements
  • Substantial experience leading customer operations within retail banking, together with practical lending experience.
  • Strong understanding of the customer journey.
  • Proven experience leading managers, developing their leadership skills, and holding them accountable for team performance and productivity.
  • Ability to set clear objectives and address underperformance fairly, with appropriate coaching, support, and development.
  • Experience improving customer service and operational processes to support growth, efficiency, and good customer outcomes.
  • Understanding of how to support customers experiencing financial difficulty or vulnerability.
  • Sound knowledge of operational risk, controls, and regulatory requirements relevant to retail banking and lending.
  • Ability to use operational data, customer feedback, and performance measures to inform decisions and prioritize improvements.
  • Experience managing budgets, resources, and workforce planning.
  • Strong stakeholder management and communication skills, with the ability to influence senior colleagues and explain operational priorities clearly.
  • Experience working collaboratively with Product, Technology, Credit Risk, and Compliance teams.
  • Ability to lead change and introduce technology and automation that improve service and operational delivery.
  • Strong judgment, with a commitment to fair treatment, responsible banking, and the bank’s values.
  • Ability to manage competing priorities while maintaining clear standards and supporting teams.
Responsibilities
  • Develop and implement the customer and lending operations strategy, aligning it with the bank’s overarching goals and vision.
  • Lead customer operations across live chat, email, phone, and social media, alongside lending servicing and collections.
  • Set standards for customer care, service quality, and operational delivery across the function.
  • Establish and monitor key performance indicators covering service levels, quality, productivity, and customer outcomes.
  • Ensure managers effectively manage team and individual performance and productivity, set expectations, regularly review results, and address concerns fairly through coaching, support, and formal processes where required.
  • Hold managers accountable for agreed objectives and consistent performance standards, taking account of individual circumstances and reasonable adjustments.
  • Oversee the customer journey across retail banking and lending, ensuring effective support from onboarding and loan origination through servicing, repayment, and collections.
  • Implement quality controls and process improvements to improve operational performance and customer satisfaction.
  • Analyze customer feedback, complaints, and service data to identify patterns, resolve recurring issues, and prioritize improvements.
  • Work with internal stakeholders to improve tools, processes, and policies supporting customer and lending operations.
  • Introduce appropriate technology and automation to increase efficiency, support growth, and improve customer experience.
  • Work closely with Product and Technology to ensure customer feedback and operational requirements inform product development.
  • Collaborate with senior leaders to incorporate customer and lending operations insights into business strategy and product roadmaps.
  • Build, coach, and develop an effective management team, ensuring managers have the skills and support to lead their teams successfully.
  • Promote a culture of learning, accountability, and collaboration through regular feedback, coaching, and development.
  • Oversee recruitment, onboarding, training, and performance management across the function.
  • Manage budgets, resources, and workforce planning to meet customer demand and support the bank’s growth.
  • Apply retail banking and lending experience to develop and scale loan origination, servicing, and collections processes, working closely with Credit Risk, Product, and Compliance.
  • Oversee support for customers experiencing financial difficulty or vulnerability, ensuring their circumstances are understood and appropriate support is provided.
  • Ensure customer and lending operations comply with applicable regulatory requirements, data protection standards, and internal policies.
  • Identify and manage operational risks, maintain effective controls, and escalate material issues promptly.

About the company

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.

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$80.7M

Headquarters

London, United Kingdom

Founded

2016

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Simplify's Take

What believers are saying

  • Kroo launched forward-flow funding with 9Y Capital on July 30, 2026.
  • Glenhawk signed a similar Kroo facility in May 2026, broadening specialist-lending exposure.
  • Kroo’s website showed £120,000 FSCS protection and updated rates on September 3, 2026.

What critics are saying

  • Kroo’s 2023 loss was £26.9 million, proving deposit growth still does not equal profits.
  • Kroo’s new 9Y and Glenhawk exposures tie deposits to UK bridging loans.
  • If funding costs stay high, Kroo’s high-interest model can destroy capital before profitability.

What makes Kroo Bank unique

  • Kroo pays interest on everyday balances up to £500,000, not just savings pots.
  • Its Flexible Cash ISA lets customers withdraw instantly while earning 3.00% AER in 2026.
  • Kroo’s app-centric bill-splitting and transaction-enrichment tools target younger, socially connected users.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Holidays
  • Remote Work Options
  • Flexible Work Hours
  • Hybrid Work Options
  • Parental Leave
  • Home Office Stipend
  • Phone/Internet Stipend
  • Mental Health Support
  • Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Companies House
Aug 7th, 2026
KROO BANK LTD filing history - Find and update company information - GOV.UK

KROO BANK LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

Bridging Loan Directory
Jul 30th, 2026
9Y Capital secures forward flow funding from Kroo Bank

Fully licensed digital bank Kroo has entered into a forward-flow funding arrangement with specialist lender 9Y Capital (“9Y”) to support bridging and

Tracxn
Mar 15th, 2026
Kroo - Funding & Investors.

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 |

FF News
Apr 3rd, 2025
Kroo Fights Back Against "Lazy Money" With Launch Of Its Cash Isa

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

FF News
Apr 3rd, 2025
Kroo Fights Back Against “Lazy Money” With Launch Of Its Cash Isa

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