Kroo Bank logo — Bank smarter with Kroo. Where your money works in your favou...

Kroo Bank

Bank smarter with Kroo. Where your money works in your favour. No monthly fees. No minimum balance. Just simple banking

Founded 2016 United Kingdom London, United Kingdom 206 employees Total: $75.09M Financial Services, Fintech +3

General Information

Company Name Kroo Bank
Founded Year 2016
Location United Kingdom London, United Kingdom
Founders / Decision Makers
Team member Team member
Employees 206
Industries Financial Services, Fintech, Mobile +2
Business Model B2C, Embedded Finance
Revenue Model Service Fee, Usage Based, Subscription
Offices as of Oct 2026
GB England London SE1 2AQ, GB England London SE1 2AQ

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Homepage Update

Significant changes detected on company website (52.4% content change).

Promotion Launched Oct 17, 2026

Kroo Bank launched a promotion for new customers to earn 3.00% AER / 2.96% gross (variable) interest on current account balances, including a 2.00% AER bonus for the first 12 months.

New Partnership Oct 06, 2026

Kroo Bank announced a community volunteering partnership with British Home, spending a day gardening, refreshing the art room, and tidying up.

AI Insight

Bounce Watch AI
1 week ago

Kroo Bank is strategically focused on aggressive customer acquisition, evident from its recently launched competitive interest-bearing current account promotion designed to attract new users. This marketing push is complemented by a substantial website update, likely enhancing user experience and onboarding, and is further validated by the bank being shortlisted for a prominent industry award, reinforcing its strong market position and product offering.

Signal Types
Customer Acquisition Product Update Recognition
Strategic Labels
Customer Acquisition Product Enhancement Brand Recognition
Next Move: Fundraising
·
Impact: 8/10
·
Ideal For: Fintech Growth Capital

About Kroo Bank

Kroo Bank, founded in 2016, is making strides in the Financial Services and Fintech arenas with innovative mobile and banking solutions. Based in the United Kingdom, Kroo aims to transform traditional banking hurdles by offering a straightforward, fee-free banking experience.

At the core of Kroo's offerings are products designed to maximize customer convenience and financial growth. Their current account allows users to earn a competitive 2.65% AER on balances, supporting the company’s slogan, "Bank smarter with Kroo. Where your money works in your favour." The bank also provides a Flexible Cash ISA, personal loans, and features like shared spending management. Importantly, Kroo eliminates foreign transaction fees, catering to globe-trotting customers.

The company recently secured a £840.00K investment in a late venture capital round as of 01 September 2025, underscoring its growth potential and investor confidence. Kroo’s strategic approach targets the pain points in traditional banking, positioning itself as a highly attractive prospect in the evolving fintech landscape.

Business keywords: Interest-bearing Current Account, No Monthly Fees Banking, Flexible Cash ISA, Personal Loans, Shared Spending Management, Fee-free Foreign Transactions, Real-time Financial Insights, Sustainable Banking Practices, FinTech Innovation, Overdraft Facility, Predictive Financial Technology, FSCS Protection, Customer-centric Banking, Digital Banking Platform, Tree Planting Initiative

Services & Products

Current Accounts with Interest
Flexible Cash ISA
Personal Loans
Shared Spending Management
Fee-Free Foreign Transactions

Target Customers

Retail Banking Customers Personal Account Holders Travelers Seeking Fee-Free Transactions Customers Interested in High Interest Rates Tech-Savvy Individuals Using Mobile Banking

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Late VC £840.00K -
01 Sep 2025
Late VC £4.16M -
01 Feb 2025
Late VC £1.47M 1
Crowdcube
01 Nov 2023
Support Program Undisclosed 1
Tech Nation
01 Sep 2022
Series B $33.00M -
01 May 2022
Series A $24.50M 2
Karlani Capital, Rudy Karsan
01 Aug 2021
Seed £7.80M -
01 Feb 2020
Seed £3.20M -
01 Dec 2018
Seed $120.00K -
01 Oct 2017

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FAQ About Kroo Bank

Bank smarter with Kroo. Where your money works in your favour. No monthly fees. No minimum balance. Just simple banking
Kroo Bank was founded in 2016.
Kroo Bank is headquartered in London, United Kingdom. As of Oct 2026, it also has offices in GB England London SE1 2AQ, GB England London SE1 2AQ.
Kroo Bank operates in Financial Services, Fintech, Mobile, Payments and Banking. Its work centres on Interest-bearing Current Account, No Monthly Fees Banking, Flexible Cash ISA and Personal Loans. Its customers include Retail Banking Customers, Personal Account Holders and Travelers Seeking Fee-Free Transactions.
Kroo Bank has a B2C and Embedded Finance business model. Its revenue comes from Service Fee, Usage Based and Subscription.
Kroo Bank has approximately 206 employees.
Kroo Bank has completed 9 funding rounds, raising a total of $75.09M.
Kroo Bank offers: Current Accounts with Interest, Flexible Cash ISA, Personal Loans, Shared Spending Management, Fee-Free Foreign Transactions.
Top alternatives and competitors to Kroo Bank include FairMoney, C24 Bank GmbH, Cash App, Step, Relay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Kroo Bank and FairMoney are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Kroo Bank, https://bouncewatch.com/company/kroo, updated 19 October 2026. When citing, please name BounceWatch and link this page.

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