Company Information

Get to know Kroo

Founded in 2016, Kroo is a financial technology company that operates as a fully regulated digital bank in the United Kingdom. After receiving its full UK banking license in June 2022, the company launched its flagship current account, which is managed entirely through a mobile application. Kroo's mission is to be a "bank with a conscience," aiming to build a bank that customers can trust and love by focusing on transparency, customer service, and positive social impact, including initiatives like tree planting. Its services are designed to be simple and intuitive, providing features like high-interest rates on current account balances, zero fees on spending abroad, and tools for shared expenses.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Payment

Contact

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Kroo

United Kingdom

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.