Wallets/kroo
Kroo
0 standards supported
Overview
Kroo is a UK neobank operated by Kroo Bank Ltd, which received a full UK banking license in 2022 and launched a smartphone-first current account [1, 2]. Kroo differentiates on social / group-money features (splitting bills and sharing money with friends), competitive credit interest on current-account balances, fee-free spending abroad, and a tree-planting sustainability angle.
History
Founded ~2016 (as Kroo); banking license 2022 [2]: Kroo operated initially around a prepaid/social-money product before securing authorisation.
2022 — Full UK banking license + current-account launch [1, 2]: Kroo Bank Ltd was granted a banking license and rolled out FSCS-protected current accounts.
2023 — Rapid customer growth + interest-bearing current account [2]: Kroo grew quickly by offering credit interest on current-account balances and committed to planting trees for customer activity.
Ownership & operator
Operating entity: Kroo Bank Ltd (UK).
Co-founder: Andrea De Gottardo (CEO) [2].
Regulators: FCA + PRA (UK); deposits FSCS-protected.
Technical integration
| Layer | Description |
|---|---|
| Channels | Kroo mobile app (iOS + Android) + Kroo card |
| Identifiers | Phone + email + sort code + account number |
| UK rails | Faster Payments + BACS |
| Card network | Mastercard (Kroo debit) |
| Wallets | Apple Pay + Google Pay via EMV tokenization |
| Distinctive | Group / shared money + bill splitting; credit interest on balances; fee-free foreign spend; tree-planting |
Implementations & partners
Operator: Kroo Bank Ltd (FCA + PRA-regulated UK bank).
Card-network partner: Mastercard.
Competitors: [[monzo]], [[starling]], [[revolut]], [[chase-uk]] and other UK app banks.
Status
- Kroo Bank Ltd — full UK banking license since 2022.
- Social / shared-money current account with interest on balances and a sustainability angle.
- Customer counts and financials not consistently disclosed in verifiable public form (~).
Sources
Source
Biography extracted from kroo.md. See matrix.md for standards-support matrix if present.